Southeast Asia should see healthy demand growth for both industrial and automotive lubricants in coming years, according to a recent report by Ipsos Business Consulting. The industrial market is less competitive, but product distribution is key for all parts of the market, the firm concluded. Read More
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Acorn Oil and Linxian Petrochemical opened a joint venture lubricant blending plant in Tianjin, China, last month. The facility focuses on providing toll blending services mainly for lube distributors that wish to market their own brands of automotive and industrial lubes. Read More
Japanese integrated oil company Idemitsu Kosan’s first quarter 2016 total sales volume for lubricants jumped by 3.7 percent from the year before to around 249,000 tons. PetroChina, China Petroleum & Chemical Corp. (Sinopec) and India’s Apar Industries were among the world’s top five transformer oil suppliers along with Ergon and Nynas, according to global advisory firm Technavio Research. JX Nippon Oil and Energy of Japan signed two companies to distribute its Eneos-branded lubricants in Myanmar: Myanma Golden Star’s MGS Lubricant in the south of the country and Rainbow Bridge Distribution in the north.
Beginning this week, news articles in Lube Report Asia will include live links for companies listed in the Lubricants Industry Directory, Lubes’n’Greases’ list of suppliers in the global lubes industry. Lubes’n’Greases offers both free and paid listings in the directory. For information about listing a company, contact Web & Data Products Managing Editor Michele Persaud at mpersaud@LubesnGreases.com