The Tema Lube Oil Company (TLOC), a lubricant blending plant in Ghana, has launched its 30th anniversary, which would also appreciate the efforts and contribution of the founding fathers of the company towards its development.
Speaking at the launch in Tema, Mr. Tsatsu Tsikata, the first Chairman of the Board of Directors of the Company said since its inception in 1992, it was designed to be commercially run with equity participation from the various Oil Marketing Companies (OMCs).
He said it was part of that role that encouraged the Ghana National Petroleum Company (GNPC) to take all the necessary steps to ensure the establishment of the company.
“There is a calibre of engineering talent in this relatively highly driven company which moved for all these achievements over the period by these small institutions, indeed from the very onset,” he said.
He explained that TLOC had to be a world-class company “because those of us who were involved in this project could not accept anything less.”
Mr. Tsikata, lauded TLOC for its success and continuous improvement in its performance and commended the current Board, Management, and Staff for the increase in plant capacity as well as the financial performance of the company.
Mr. Amos Donkor, Managing Director of the Tema Lube Oil Company, said it had manufactured lubricants to feed the market through the wholesale marketing of its production to oil marketing companies and for institutions both locally and internationally.
He indicated that the company had also obtained three International Organizations for Standardization (ISO) including ISO 9001: 2015, in Quality Management System, 14001: 2015, Environment Management, and ISO 45001: 2018 in Occupation Health and Safety Management System.
Mr. Donkor said: “Since the inception of the company, we have been adding on to everything we have, the manpower, list of achievement, areas we deal in within to the enthusiasm and dedication for work and responsibility, in our view we have made the dreams of our forefathers come through.”
He however said the proliferation of lowly priced substandard lubricants into the market negatively impacted the volumes significantly adding that the absence of a legalizing a National Minimum Standard for lubrication was a major contribution to the phenomenon.
Mr. Alex Josiah Adzew, Board of Chairman of Tema Lube Oil Company said the company over the years had undergone changes but had become stronger and more efficient than before.
He said the contribution of lube oil to the economy of the country could not be overemphasized and urged Ghanaians to patronize lube oil.
He said as a science and technology-based factory, it was important to invest and augment the government’s vision of upscaling the teaching and learning of science in schools, especially in less endowed schools.
Mr. Adzew urged the public to patronize Tema Lube Oil Company products which included engine oils, industrial oils, gear oils, hydraulic oils, other machine oils, and others to enable them to provide more of such projects to schools, hospitals, and the communities.