Currently, synthetic lubricants are manufactured according to global standards set by quality organizations in the industry. The Raloy brand, for example, has an Applied Technology Center in Santiago Tianguistenco, State of Mexico, where they are dedicated to the design, formulation, and testing of synthetic lubricants. Their product line, Raloy SYN-TEC PLATINUM API SP Quality, originated in May 2020.
Within the organization, training and forums are offered for their 10,000 employees in collaboration with companies specialized in cybersecurity. On the other hand, the Mexican company Sistema.bio, led by Alexander Eaton, secured 15 million dollars in funding for its global expansion. Various financiers supported this initiative aimed at enhancing the company's growth.
There is a call to sector regulators to promote competition and facilitate the entry of new competitors, as mentioned by Cofece. It is also expected that Raloy will continue diversifying its offerings and enhancing its growth with a series C funding planned for 2025.
As for synthetic lubricants, their importance lies in their ability to provide less wear on engines, reduce flammability, and extend their lifespan. Despite the benefits they offer, both industries and end consumers may not fully understand their value compared to mineral oils.
On the other hand, the Tecnológico de Monterrey, Hidalgo campus, in collaboration with the Coca-Cola bottling company Grupo Rica, carried out activities aimed at protecting the environment. These initiatives seek to counteract environmental challenges through lectures and educational workshops for students.
In the financial sector, Scotiabank Mexico made a call to its customers to raise awareness about the protection of personal data during Cybermonth. On the other hand, Cofece disseminated the Study of Competition and Free Competition in Digital Financial Services, highlighting the importance of synthetic lubricants in the automotive sector and their design to offer superior performance compared to traditional oils.
Finally, recognized brands like Jeep presented new models, such as the Jeep Wrangler Unlimited Rubicon Sky-Freedom 2024, featuring innovative characteristics and advanced technology that set a trend in the automotive market.