Service Industries ventures into automotive engine oil market

Service Industries Limited to collaborate with Total Parco for manufacture and supply of motor engine oil


Service Industries Limited (SIL) has entered into a manufacturing and Supply agreement with Total Parco, it was confirmed in a notice sent to the Pakistan Stock Exchange (PSX). The agreement will allow the company to enter the automotive engine oil market.

SIL has annual revenues of about PKR 18 billion ($170 Million) and is the largest manufacturer of footwear, tyres & tubes for two-wheelers. It has been the largest footwear exporter of the country for the last 10 years. 

The stock for SIL closed at Rs 1480.50 after an increase of Rs 70.5 (4.76pc) today.