LAUGFS Holdings Limited, a prominent conglomerate in Sri Lanka, is expanding its service offerings to the international market by entering the Maldives. With over 20 businesses across various industries, LAUGFS Holdings is known for its brand LAUGFS Lubricants, which holds its own lubricant blending license. The company aims to strengthen its presence in Asia as the sole Sri Lankan brand by expanding into new international markets.
The signing of the partnership took place in the presence of representatives from LAUGFS Lubricants and Mechanism Maldives (Pvt) Ltd. LAUGFS Lubricants' Cluster Director/CEO, Dr. Niroshan J Pieries, expressed his satisfaction with the collaboration, emphasizing the shared vision and commitment to providing excellent service and products. He also expressed confidence in meeting the growing market demands in the Maldives.
LAUGFS Lubricants Limited, a subsidiary of LAUGFS Holdings established in 2008, benefits from the parent company's strong reputation, which has helped it gain the trust and credibility of key influencers and end users. This expansion into the Maldives marks LAUGFS Lubricants' second international venture, following its initial expansion into Bangladesh. Mechanism Maldives (Pvt) Ltd is well-regarded for its expertise in manufacturing, supply, servicing, and commissioning of RO Desalination Plants & Wastewater Treatment Plants, among other services.
Managing Director of Mechanism Maldives (Pvt) Ltd, Mr. Adam Ali, expressed his enthusiasm for the partnership and the potential for mutual growth. He believes that offering high-quality products in the Maldivian market will create more opportunities for business expansion and international growth.
The company achieved significant milestones, such as being the first petroleum laboratory in Sri Lanka to receive the ISO/IEC 17025:2017 accreditation for oil and lubricants. Their entry into the Maldives market adds another achievement to their list. The brand is committed to providing vehicle owners/users with complete protection and adhering to local and international standards. Their international quality lubricants, suitable for Maldivian conditions and various vehicle categories, promote engine durability, maintain power output, improve fuel economy, and contribute to better environmental care.
LAUGFS Lubricants has received ISO 17025:2017 accreditation from the SL Accreditation Board and the Global Accreditation Society for its state-of-the-art laboratory. The company also holds licenses from the American Petroleum Institute (API) and the Japanese Automotive Standards Organization (JASO MA), as well as "Original Equipment Manufacturer (OEM)" certifications from renowned automakers.
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