China and India are the second- and third-largest lubricant markets, but they handle their used oil differently, according to a report from Kline & Co. India burns most of what it collects as industrial fuel, while China focuses more on rerefining to produce base stocks. Read More
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Sanyo Chemical Industriesí lubricant and lube additive plant in China is barely half a year old, but the Japanese company is already considering an expansion. The facility, located in Jiangsu province, makes viscosity index improvers and finished lubricants marketed under Sanyoís Aclube brand. Read More
Chinese blender Qingdao Copton Technology Co. posted a 10 percent gain in its first quarter compared to a year earlier. Koreaís SK Lubricants has more than tripled its second quarter operating profit, owing to increased sales volume, while S-Oilís base oil business earned 61 percent higher operating income. Read More
Kyodo Yushi Co. announced last week that it has finished building a synthetic grease plant in Kameyama city in Japanís Mie prefecture. While the nationís lubricant demand is slowly contracting, Kyodo Yushi said grease demand is rising thanks to the expanding automobile industry. Read More
Malaysian blender Hyrax Oil broke ground last week on its U.S. $13 million plant in Sri Lanka, which it will own and operate jointly with state-owned Ceylon Petroleum Corp.†The group hopes the plant will raise its domestic market share from 11 percent to 30 percent.† Petronas Lubricants International will sell is Syntium brand of synthetic motor oils to end users for the first time through a deal with car parts retailer Halfords Group plc in the United Kingdom market.
A brief in last weekís issue incorrectly described the structure of Axel Christiernsson International ABís new subsidiary in Asia, Axel Asia Pte Ltd. The company named Stephane Torres, who is based in Singapore, managing director of the unit.