It is non-water-miscible (neat / straight) lubricant/oil. “MZAN” series tends to be neat forming oil.
Contains active additives for high pressure / high load forming / stamping operations. These can include chlorinated / sulfurized / phosphorus-type additives typical in forming / stamping oils. These improve lubricity and reduce tool wear. (This is typical of similar “MZAN” oils, e.g. MZAN 54K)
It likely has good oxidation stability (to cope with elevated temperatures and friction), decent flash point, and fairly high viscosity suitable for forming.
Used in forming / stamping / drawing / pressing of steel sheet and other metal sheets. Particularly where high pressures / sliding contact / deformations are involved.
Suitable for operations like punching, bending, deep drawing, and other sheet metal forming tasks.
Improves tool life due to better lubricity and additive package.
Reduces risk of edge wear / galling on sheet metal forming operations.
Likely provides decent corrosion protection for tools and workpieces when used properly.
Because it is neat oil, it gives consistent lubrication under heavy load and high pressure where water-miscible coolants might struggle.