Despite its financial difficulties which have caused its turnover to drop drastically – nearly 87% – over the past ten years, the lubricants formulation company Pizo (Pizolub) is trying to breathe new life into it. Its general management launched on October 2, the manufacture of nearly 8,000 cans for packaging engine and industrial oils.
The company Pizolub SA launched, on October 2, in Port-Gentil, the manufacture of nearly 8,000 cans to be used for packaging motor and industrial oils. This is indeed an order from the marketer, Gab-Oil, a 100% Gabonese company, who has decided to launch the marketing of lubricants in plastic packaging.
“The Gab-oil Company has been added to our customer directory. Therefore, we must do everything possible to satisfy it. Our facilities and equipment allow us to do this. Our products are very good quality products and we have the right equipment to meet the requirements of all our direct sellers ”, explained Pizolub Industrial and Technical Director Pono Azaria.
By accepting this order, the company wants to continue to contribute to the industrialization of Gabon by fully satisfying the demand of the domestic market. This, despite the fact that its factory is operating part time, due to restrictions linked to the Covid-19 pandemic. The Gab-Oil order ranges from 3000 to 8000 cans of gray color. “Respect for the quality of our cans goes through color, shape, molding, as well as a validity test,” added the technical director. The company will start with the manufacture of 5-liter cans before moving to 20-liter ones.
Through this order which oxygenates the company a little, Gab-Oil places its confidence in the products “made in Gabon” offered by local companies. Pizolub SA is 52.83% owned by the Gabonese state. However, the company is crumbling under the weight of a debt estimated at nearly 9 billion CFA francs.
