UGL is an established, independent lubricant manufacturer with a wide range of high-quality, well-engineered products under its in-house “United Oil” brand and a host of third-party brands. It also trades base oils, additives and lubricants.
Through its 60%-owned United Oil Company (UOC), its new JV with Madrid-listed oil major Repsol (REP SM, Not Rated), the group manufactures a wide range of lubricants and specialty fluids for the automotive, industrial and marine industries. These are distributed to about 40 countries.
UGL has four other businesses: United Innovations, United Supply Chain, United Renewables and United Fuels.
UGL was founded in March 1999 by Wiranto and Jacky Tan as a holding company for wholly-owned subsidiary, UOC. Operations started in April 1999 when UOC took over a lubricant blending facility from an international oil company. UGL was listed on the Catalist on 8 July 2016.
On 26 November 2019, UGL disposed of a 40% stake in its wholly-owned principal subsidiary, UOC, to Repsol Downstream Internacional S.A., a subsidiary of Repsol S.A.
Apart from lubricants, UGL has four other businesses: United Innovations, which makes nano-fibre oil-absorbent materials; United Supply Chain, which was set up to diversify the group into logistics; United Fuels, which trades petrol-related products; and United Renewables, which is exploring opportunities in material recycling and clean energy.