Ap Oil

What Ap Oil does

AP Oil International Limited is a Singapore-headquartered, SGX-listed manufacturer of lubricants and specialty chemicals, incorporated in 1975 and operating under three product brands: AP Oil, SIN-O (Singapore Oils), and Polaris. The company runs three lubricant blending plants (two in Singapore at Jurong, one in Vietnam) plus a chemical manufacturing facility in Singapore, and serves automotive, industrial, and marine end-markets across approximately 20 countries with more than 90% of lubricant production exported.

Its product portfolio spans automotive lubricants (gasoline/gas engine oils, diesel engine oils, motorcycle oils), industrial lubricants (hydraulic fluids, gear oils, compressor oils, turbine oils, transformer oils, greases, metalworking fluids), marine lubricants, and a broad range of specialty industrial oils. Through wholly-owned subsidiaries A.I.M. Chemical Industries and GB Chemicals, the group also provides toll blending, contract manufacturing, and chemical supply/trading services, primarily marketed in Singapore with significant re-export through multinational customers.

The business model is export-oriented B2B with direct enterprise sales across industrial, automotive, and marine customers. Revenue is generated from one-time sales of manufactured lubricants, transaction-based raw material (base oils/additives) trading, and professional-services-style toll blending/contract manufacturing. R&D is supported by five laboratories (four in Singapore, one in Vietnam) equipped with ICP-AES spectrometers for quality assurance and customized formulation work, and the group holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Reported revenue for FY2025 was SGD 56.752M with profit of SGD 1.579M, implying modest mid-single-digit growth on a low single-digit net margin.

Name

Ap Oil

Legal name

AP Oil International Limited

Website

https://apoil.com.sg

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

AP Oil International is a Singapore-based, SGX-listed lubricant and specialty chemicals manufacturer serving automotive, industrial, and marine customers across approximately 20 countries under the AP Oil, SIN-O, and Polaris brands.

Ownership category

akta.pro rank

Product category

Lubricants and Specialty Chemicals Manufacturing

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191)

SIC

Chemicals & Allied Products (2800), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Process Oils & White Oils (IMAEAMAK)

akta.pro secondary industries

Gear Oils & Transmission Fluids (IMAEAMAE), Marine & Offshore Lubricants (Cylinder Oils, System Oils, EALs) (EUALAJAI)

Keywords

• Lubricant manufacturing
• Industrial lubricants
• Automotive lubricants
• Marine lubricants
• Specialty chemicals

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Lubricant Manufacturing and Sales: Manufacture and sale of lubricating oils and fluids for industrial, automotive and marine applications. Revenue from production and direct sales of lubricant products marketed under AP Oil, SIN-O (Singapore Oils) and Polaris brands. Three lubricant blending plants (two in Singapore, one in Vietnam) produce wide range of lubricants.
2. Supply and Trading of Raw Materials: Supply and trading of base oils and additives used in lubricant production.
3. Specialty Chemicals and Toll Blending: Through subsidiary AIM Chemical Industries, provides toll blending and contract manufacturing services for specialty chemicals. AIM also supplies and trades in chemicals. Specialty chemicals mainly marketed in Singapore, with significant proportion re-exported through multinational company customers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

AP Oil International manufactures and sells a wide range of lubricating oils and specialty chemicals for industrial, automotive, and marine applications, produced at three blending plants (two in Singapore, one in Vietnam) under the AP Oil, SIN-O, and Polaris brands. Through its subsidiaries A.I.M. Chemical Industries and GB Chemicals, the company also provides toll blending, contract manufacturing, and trading of specialty chemicals and base oil/additive raw materials to B2B customers in approximately 20 countries.

Product overview

AP Oil International is a lubricants and specialty chemicals company operating as a one-stop solution provider. Their product portfolio comprises three main lubricant brands (AP Oil, SINO, and Polaris) covering four core categories: Automotive Lubricants (gasoline/gas engine oils, diesel engine oils, motorcycle oils), Industrial Lubricants (hydraulic fluids, gear oils, compressor oils, turbine oils, transformer oils, heat transfer oils, and more), Marine Lubricants, and Greases. Industrial Specialty Oils and Fluids are also offered for specialized applications. Additionally, through wholly-owned subsidiaries A.I.M. Chemical Industries and GB Chemicals, the company produces specialty chemicals for toll blending and contract manufacturing. The company operates three lubricant blending plants (two in Singapore, one in Vietnam) with R&D facilities across five laboratories (four in Singapore, one in Vietnam) equipped with ICP-AES spectrometers.

Differentiator

Problem solved

Functional benefit

Products and services

• AP Oil Automotive Lubricants Lubricant products for automotive applications including gasoline, gas, and diesel engines, marketed under the AP Oil brand for distributors, fleet operators and service centers.
• SIN-O Automotive Lubricants Automotive lubricant series branded as SIN-O (signifying Singapore Oils), serving the vehicle market segment for gasoline, gas and diesel engines and motorcycles.
• AP Oil Industrial Lubricants Wide range of industrial lubricants including hydraulic fluids, gear oils, compressor oils, turbine oils, transformer oils, and other general industrial applications for manufacturing and processing equipment.
• SIN-O Industrial Lubricants Industrial lubricant products under the SIN-O brand for various manufacturing and industrial applications.
• Marine Lubricants Lubricant products specifically formulated for marine and maritime vessel applications under AP Oil and SIN-O brands, for ship owners, marine operators and ship chandlers.
• Greases (AP and SIN-O Series) Lubricating grease products for various industrial and automotive applications under both AP and SIN-O brands.
• Metal Working Oils and Fluids Industrial metalworking lubricants including neat cutting oils, water soluble cutting oils, rust preventive fluids, and stamping/forming fluids, for machining and metal forming operations.
• Industrial Specialty Oils and Fluids Specialty industrial oils including heat transfer oils, pneumatic oils, quenching oils, refrigerator oils, rubber process oils, rust preventive oils, transformer oils, vacuum pump oils, and white oils for specialized industrial applications.
• A.I.M. Chemical Industries - Specialty Chemicals and Toll Blending Specialty chemicals produced by wholly-owned subsidiary A.I.M. Chemical Industries Pte Ltd, providing toll blending and contract manufacturing services for specialty chemicals, primarily marketed in Singapore with significant re-export through multinational company customers.
• GB Chemicals - Specialty Chemicals Specialty chemicals produced by wholly-owned subsidiary GB Chemicals Pte Ltd, focusing on chemical supply and trading. Founded in 1996 by Mr Alphonsus Chua and acquired by the Group in 2004.
• Polaris Lubricants Lubricant brand marketed alongside AP Oil and SIN-O for automotive, industrial and marine applications.
• Supply and Trading of Base Oils and Additives Supply and trading of base oils and additives used as raw materials in lubricant production, sold to lubricant manufacturers and chemical industry buyers.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• AIM Chemical Industries (Pte) LtdcoreOthersWholly-owned subsidiary of AP Oil International. Provides toll blending and contract manufacturing services for specialty chemicals. Also supplies and trades in chemicals.
• GB Chemicals Pte LtdcoreOthersWholly-owned subsidiary acquired by the Group in 2004. Founded in 1996 by Mr Alphonsus Chua. Specializes in specialty chemicals.
• Asian Lubricants Industry Association (ALIA)minorOthersIndustry association where Dr Ho Leng Woon serves as Founding Chairman. Represents the lubricants industry at regional level.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Fuchs Petrolub SE: Germany-based global specialty lubricants manufacturer focused on industrial, automotive, and food-grade lubricants, with strong Asia-Pacific presence. Closest mid-sized direct comparable to AP Oil in business model, product breadth, and reliance on formulation expertise rather than integrated refining.
• Valvoline Inc. US-listed pure-play lubricants and automotive services company selling motor oils, industrial lubricants, and greases globally. Comparable as a focused, brand-driven lubricant manufacturer without upstream refining exposure, similar in size and growth profile to AP Oil.
• Gulf Oil International: Globally distributed mid-sized lubricants brand (Hinduja Group) focused on automotive, industrial, and marine lubricants, with strong presence in Asia and emerging markets. Comparable in scale and product mix to AP Oil and competes in many of the same export geographies.

Regional players

• Petronas Lubricants International: Malaysia-based lubricants arm of Petronas, producing automotive, industrial, and marine lubricants primarily for Asia-Pacific and Middle East markets. Most direct regional comparable given proximity to Singapore, similar Southeast Asian export focus, and overlapping customer base.
• Pertamina Lubricants: Indonesian state-oil company lubricants subsidiary, manufacturing and marketing lubricants domestically and across ASEAN. Directly comparable in terms of Southeast Asia distribution and product mix, competing for the same industrial and automotive customers in Indonesia and surrounding markets.

Broad incumbents

• ExxonMobil Corporation: Integrated oil major with Mobil-branded lubricants serving industrial, automotive, and marine markets globally. Overlaps directly with AP Oil's three core segments (industrial, automotive, marine) and competes for the same B2B export customers.
• BP plc (Castrol): Castrol is BP's global lubricants brand focused on automotive and industrial oils, with strong presence in Asia-Pacific. Comparable product portfolio to AP Oil and similar export-oriented B2B motion in overlapping geographies.
• TotalEnergies SE: French integrated major with significant lubricants and specialty oils business, including marine lubricants and base-oil production. Comparable across all three of AP Oil's segments and competes in the same export markets.
• Shell plc: Global integrated oil major with a major lubricants business (Shell Rimula, Shell Helix, Shell Gadus) sold across automotive, industrial, and marine segments worldwide. Directly comparable to AP Oil's product portfolio and global export reach, but operating at vastly larger scale with stronger additive and OEM relationships.
• Sinopec: China's largest integrated energy and chemicals company with extensive lubricant manufacturing and a strong domestic and Southeast Asia footprint. Directly comparable to AP Oil's product mix and competes for ASEAN industrial and automotive customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ap-oil-international-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ap Oil