SIC Code 5172-13 - Oils-Industrial (Wholesale)

The Oils-Industrial (Wholesale) industry involves the distribution of industrial oils, lubricants, and greases to various businesses and industries. These products are used for machinery and equipment maintenance, as well as for manufacturing processes. Companies in this industry typically purchase large quantities of these products from manufacturers and then sell them to smaller distributors or directly to end-users. The industry is highly competitive, with companies competing on price, product quality, and customer service. The Oils-Industrial (Wholesale) industry is an essential part of many industries, including manufacturing, construction, transportation, and agriculture. The industry plays a critical role in ensuring that machinery and equipment operate efficiently and effectively, reducing downtime and maintenance costs. Companies in this industry must stay up-to-date with the latest product developments and industry trends to remain competitive. The Oils-Industrial (Wholesale) industry is subject to various regulations and standards, including environmental regulations and safety standards. Companies must ensure that their products meet these standards and that they are properly labeled and packaged. The industry is also subject to fluctuations in oil prices, which can impact product pricing and demand. Overall, the Oils-Industrial (Wholesale) industry is a vital part of many industries, providing essential products and services to businesses and consumers alike.