Tide Water Oil (India), is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants. Tide Water has been a pioneer of Automotive and Industrial lubricants in India since 1928 and has five plants at Howrah, Oragadam, Turbhe, Silvassa and Faridabad. Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars and two/three wheelers. It also produces gear oils, transmission oils, coolants and greases for automobiles. For industrial application it manufactures industrial oils, greases and speciality products like metal working fluids, quenching oils and heat transfer oils. Tide Water has tie-ups for manufacture of genuine oils with a number of renowned OEMs in the automotive and industrial equipment segment. The company also has technical collaboration with Nippon Oil Corporation, the No.1 petroleum conglomerate in Japan. Superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.
Results/Announcements
Tide Water Oil (India) Ltd has acquired Veedol International from energy major BP Plc, putting an end to a legal battle of 17 years. Tide Water, a lubricant maker, and Castrol were fighting the battle since 1994 for the rights of Veedol brand in India. Through the deal, the firm got global rights for the brand. The firm has "historical rights" over the brand in India and used to manufacture and sell it since 1920s, when its US parent had shares in the company. The company is looking at overseas growth through the move in Europe, Latin America and neighbouring countries like Bangladesh.
Results/Announcements
Tide Water Oil (India) Ltd has acquired Veedol International from energy major BP Plc, putting an end to a legal battle of 17 years. Tide Water, a lubricant maker, and Castrol were fighting the battle since 1994 for the rights of Veedol brand in India. Through the deal, the firm got global rights for the brand. The firm has "historical rights" over the brand in India and used to manufacture and sell it since 1920s, when its US parent had shares in the company. The company is looking at overseas growth through the move in Europe, Latin America and neighbouring countries like Bangladesh.
