AP Oil International Limited, formerly known as Huan Chew Oil Trading Pte Ltd, was incorporated in 1975 as a lubricant distributor and ventured into manufacturing in 1981, setting up the first Singaporean-owned lubricant plant in Singapore.
AP Oil International Limited operates as a petroleum wholesalers and manufacturer, distributing a range of lubricating oils and fluids and specialty chemicals for industrial, automotive, and marine applications. The company operates 6 manufacturing plants, 3 for the manufacturing of lubricants and 2 for specialty chemicals. Two of AP Oil's lubricants plants are equipped with terminals and a private jetty.
For the company's marine lubricants, it partners with Gazpromneft Lubricants, Gazpromnefts’ oil business operator, specialised in marine lubricants production and sales. The company also partners with ENOC, the Emirates National Oil Company, UAE, for toll blending of marine lubricant finished products in AP Oil's plants in Singapore. In addition, in November 2018, AP Oil partnered with AMSOIL Lubricants Pte Ltd, to toll blend synthetic lubricants in Singapore for renewable energy and industrial applications.
The company's registered office is located at 30 Gul Crescent, Singapore 629535.
AP Oil was listed on the Singapore Exchange (SGX) in 2001 and upgraded to mainboard in 2003. AP Oil International Limited is traded on the SGX under the code 5AU.
Manufacturing - This segment manufactures a range of lubricating oils and fluids and specialty chemicals for industrial, automotive and marine applications and provides blending services to its customers. The manufactured goods are sold under the AP Oil’s brand names - AP Oil, SIN-O (Singapore Oils) and Polaris. For the year end 31 December 2019, the manufacturing segment accounted for 52.50% (SGD 33.0 million) of total revenue.
Trading - This segment trades in base oil and additives and specialty chemicals. For the year end 31 December 2019, the trading segment accounted for 41.26% (SGD 25.9 million) of total revenue.
Franchising - This segment includes trade in raw materials for products under the company’s brand names. For the year end 31 December 2019, the franchising segment accounted for 6.24% (SGD 3.9 million) of total revenue.
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