Laugfs enters lubricant market
AGREEMENT: Laugfs Holdings signed an agreement with the
Government yesterday to engage in the business of importing and selling
lubricants in Sri-Lanka.
Laugfs was first to sign the agreement with the Government with the
full liberalisation of the lubricant market in the country out of seven
new players selected after a stringent process of evaluation.
Secretary A.P.A. Gunasekara and Additional Secretary to the Ministry
of Petroleum and Petroleum Resources Kanthie Wijetunga signed the
agreement on behalf of the Government and Chairman Laugfs W.K.H.
Wegapitya and Managing Director Thilak de Siva signed on behalf of the