PT Lupromax Pelumas Indonesia Tbk
IIDX:LMAX91.00
IDR
+2.00
(+2.25%)
PT Lupromax Pelumas Indonesia Tbk
IDX:LMAX
(Indonesia Stock Exchange)
Recent
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91.00
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yld
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ROIC.AI
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- Business
- PT Lupromax Pelumas Indonesia Tbk is an Indonesia-based company engaged in the trading, distribution, and commercialization of high-performance automotive and industrial lubricants, engine additives, and specialty vehicle maintenance chemicals. Founded in 2017 and headquartered in Tangerang, Banten, the company operates as the exclusive distributor in Indonesia for LUPROMAX-branded products under an exclusive partnership with Magna International Pte Ltd. The company serves automotive retail consumers, commercial transport fleets, motorcycle and passenger car owners, industrial operators, and partner repair workshops across Indonesia, with concentrated distribution operations throughout Java, Bali, Lombok, Kalimantan, and Sulawesi. Its comprehensive product portfolio comprises passenger car motor oils under the Aegle, Hyperion, and Razer series; four-stroke and automatic motorcycle engine oils including the Aegle 4T, Aegle Matic, and Razer Racing lines; heavy-duty diesel engine lubricants under the Zelos, Aegle Diesel, and Shield brands; automotive transmission and gear fluids, including ATF-MV, CVT, and Guard 5000 fluids; specialized industrial oils such as Lupromax Hydros hydraulic lubricants; engine performance additives formulated with Heat Activated Technology (HAT); diesel fuel treatments and fuel system conditioners; carburetor and injection cleaners; octane-boosting fuel accelerators; anti-boiling engine coolants; and technical maintenance aerosols, including chain lubricants, liquid greases, and penetrant fluids. In recent developments, the company completed its initial public offering on the Indonesia Stock Exchange in August 2023 under the ticker symbol LMAX, deploying proceeds to expand inventory capacity and bolster operational working capital. Over the recent period, the company has expanded its nationwide distribution footprint by onboarding authorized independent workshops and digital retail channels, accelerated geographic market penetration into Kalimantan and Sulawesi, and expanded its portfolio of eco-friendly, biodegradable lubricants compliant with international OECD testing standards and ISO 9001:2015 quality management benchmarks.