With three years of local marketing experience, HTLL was ready to expand its footprint to other cities of Pakistan.
HTLL management with focus and hard work achieved its challenges/milestones with effective controls.
As a result of this hard work, by the end of year 2006, HTLL had gained substantive market share of the passenger car market and had a comprehensive distribution network across Pakistan.
HTLL became an ISO certified company and they delivered as per as per 9001:2008 quality standards with excellent quality management system in place.
In 2011, the AOP was bought over by Hi-Tech Lubricants (Pvt) Limited which in the same year was converted into a public unlisted company, now known as Hi-Tech Lubricants Limited (HTLL).
Under this expansion, he said, the HTLL
plans to offer state-of-the-art retail outlets across Pakistan with multitude of unique services and technical support for their customers.
A spokesperson of the Hi-Tech Lubricants Limited (HTLL
) said is looking forward to expand and increase its footprint in the retail service centers market.
The business was formed in 1997 as an Association of Persons (AOP) and in 2011 the AOP was bought over by HTLL which was subsequently converted into a public unlisted company.
Shaukat Hassan said HTLL had a network of distributors in all major cities of Pakistan spanning from Karachi to Peshawar including Gilgit-Baltistan.
He further said HTLL's salient feature has been to offer high-end synthetic products in price savvy market with a vision to attract and retain the customers based on quality.
He further said the first stage offering of the stocks of Hi-Tech Lubricants Limited (HTLL) through the book-building process is being held on January 06 and 07 at Pakistan Stock Exchange.
He added that the HTLL is offering 29 million new shares through the IPO-75 percent or 21.75 million of which will be offered through the book-building process and 25 percent or 7.25 million will be offered through the IPO to the general public.