Japan's Sanyo Chemical Industries is considering two investments that would increase its lubricant additives capacity in Asia – an expansion of an existing plant in Nantong, China, and construction of a plant in Korea, a company spokesman told Lube Report. read more
May 18, 2018
Volume 5 Issue 20
During a lubricants conference in Beijing last month, Chinese industry insiders said the nation should further develop its ability to produce high quality base oils – specifically high viscosity index API Group II and Group III oils – instead of buying from abroad. read more
India’s Savita Oil Technologies Ltd. – a supplier of transformer oils, white oils, lubricants and other products – reported a net profit of Rs 40.3 crore (Rs 403 million or U.S. $5.9 million) for its fourth quarter, up 28 percent from the same quarter last year. read more
PTT PLC, Thailand’s state-owned oil and gas company, signed a memorandum of understanding with auto care and tire company Bridgestone A.C.T., allowing the company to distribute PTT’s lubricants at its service centers throughout Thailand. Vietnam National Petroleum Group, or Petrolimex, appointed Pham Van Thanh as its new chairman, replacing Bui Ngoc Bao, who retired earlier this month.