Business & Economy
Rancon plans $19.65 million lubricant plant in Mirsarai
The proposed plant would produce 25 million litres annually; construction and operations remain future milestones.
From 6 October 2026 — Daily Brief
Rancon Lubricants plans to invest $19.65 million in a blending plant at the National Special Economic Zone in Mirsarai, following a land lease agreement signed on Monday.
The project would occupy 6.5 acres under a 50-year lease. Its planned annual production capacity is 25 million litres, and it is expected to create more than 250 jobs, according to the investment announcement.
The plant is intended to blend imported raw materials locally. The investment, capacity and employment figures are project commitments and forecasts, rather than evidence that production or recruitment has already reached those levels.
The agreement sets a timetable for moving from the lease to construction. The land is to be handed over within 90 days, with construction due to begin within 120 days of handover. Commercial operations are expected within 36 months of the handover date.
Those milestones will determine when the proposed factory can begin supplying the market. Signing the lease secures the project’s planned location, while land delivery, construction and commissioning remain to be completed.
The proposed plant adds a manufacturing investment to the economic zone’s development pipeline. Its eventual contribution will depend on the company completing the factory and bringing the announced capacity into operation.
