Citing volatility in the base oils market, SK Lubricants, which produces more API Group III than any other company, plans to increase emphasis on growing its finished lubricants business through partnerships and new product development. Read More
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Gulf Oil Lubricants India Ltd. reported that its second-quarter net profit jumped 28 percent year on year thanks to volume gains across all segments and lower finance costs. Chevron Lubricants Lanka recorded double-digit growth in net profit in the period along with gains in sales revenue. Read More
Apar Industries Ltd.'s chairman and non-executive director, Narendra D. Desai, passed away on Oct. 17, the company informed the Bombay Stock Exchange. Asia-Pacific’s $14.8 billion market for fluid dispensing systems, a majority of which are used for lubricants, is expected to remain the world’s biggest according to Grand View Research.