Automotive engine oil demand in Southeast Asia is gradually shifting from obsolete grades to higher quality products, a Lubrizol official told an industry conference here last week. But lubricant marketers could probably help accelerate the process by cooperating with service workshops. read more
July 6, 2018
Volume 5 Issue 27
ExxonMobil completed its acquisition of PT Federal Karyatama, one of Indonesia’s largest manufacturers and marketers of motorcycle lubricants, from PT Mitra Pinasthika Mustika Tbk. and its affiliate. Announced in April, the acquisition includes the Federal Oil brand and a new blending plant in Cilegon. Spain-based Repsol said in a recent update to its 2016-2020 Strategic Plan that it will expand its lubricants business’ international presence, including in Asia. The company started producing lubricants in 2011 at a plant in Kuala Lumpur, Malaysia, following an agreement with UMW, and Repsol also produces and distributes in other Asian regions such as China and Singapore.