SINGAPORE—Nynas A.B. recently has inaugurated a new Singapore logistics hub, intended to speed up deliveries of naphthenic specialty oils and increase availability in the Asia-Pacific region.
For Asia-Pacific customers in Shanghai, Indonesia, Thailand and other nearby countries, delivery times will be shortened from six weeks to two weeks, the company said.
Nynas now has three hubs around the globe, including Antwerp and Houston, according to Simon Day, vice president for naphthenics at Nynas. “This will cut lead times significantly for Asia-Pacific customers,” he said.
Nynas' supply chain in Asia Pacific now mirrors those in Europe and the Americas. This, it said, means that a greater variety of oil grades will be available on site at the Singapore hub, which has a storage capacity of 32,000 cubic meters.
“Previously, a blend of two base oils might require a specific delivery from Antwerp and would keep the customer waiting for about two months,” Day said. “Such a wait is now a thing of the past.”
The Singapore investment will help Nynas capture growth opportunities in the region and offer global customers a global product slate, according to Pascal Verhoie, regional director AMEA, Nynas Pte Ltd.
“Similar to our recent acquisition of the Harburg base oil refinery in Germany, the new Singapore hub is part of our ambition to be the largest naphthenics specialty oil supplier in the world,” Verhoie said.
The new hub will be supplied with oils from the Nynas hubs in Houston and Antwerp several times per year.