PSP Specialties’ holistic approach helps the world move faster, more sustainably
- Leading lubricant specialist makes smooth progress across the region
Country Business Reports interviews and articles by Discovery Reports
Having achieved its vision of becoming the leading lubricant products manufacturer in Asean, PSP Specialties moves forward with its specialised capabilities, international quality control standards, overseas expansion and planned industry diversification.
A one-stop solutions provider for more than 30 years, PSP offers products such as lubricants, greases, rubber process oils and transformer oils that cater to the automotive and industrial sectors. PSP also has integrated distribution centres with an efficient warehousing and inventory management system, manufacturing, and research and development (R&D) capabilities as an original equipment manufacturer (OEM). Additionally, PSP’s strategic locations along land and sea routes help in enhancing and integrating logistic solutions efficiently. These allow the company to provide exceptional terminal and OEM services to its customers.
Investment in such competencies has enabled PSP to provide integrated solutions to domestic and international clients and establish strong relationships with the world’s biggest industry players such as Chevron, Exxon and PTT.
“We have our own expert team capable of developing special formulations,” says CEO Sint Krongphanich regarding PSP’s R&D and OEM capabilities. By continuously upgrading its team’s skills and facilities, the company has realised the quality standards recognised and accepted worldwide.
“Our blending capacity is the largest in Thailand, but we still have plans to expand,” Sint says. In this pursuit, PSP has entered Myanmar where it hopes to gain a first-mover advantage. The company hopes its new blending plant in that market will serve as a gateway for increased exports to India and the Middle East.
Despite its OEM focus, PSP aims to support its expansion using other strategies. Activities such as marketing support and technical co-development with partners, and diversification into related industries are just some of the opportunities it is considering.
“When thinking of speciality lubricant products, think of us,” Sint says as his main message to potential partners. “We have the technical expertise, facilities and R&D capabilities to support you as a total solutions partner.”