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September 28, 2018

Volume 5 Issue 39

Upbeat Outlook for PAO in India

The Indian polyalphaolefin market is expected to grow in the coming years as demand for synthetic base oils increases, driven by environmental mandates as well as consumer trends for better fuel economy and lower cost of ownership, an industry insider said at a conference in Mumbai last month. read more

Tianhe Faces Potential Delisting

Tianhe Chemicals Group faces potential delisting from the Hong Kong Stock Exchange in 10 months if it does not file overdue earnings reports and meet other regulator requirements, according to a recent filing by the company. read more

OEMs Eye Genuine Oil to Aid Growth

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Original equipment manufacturers in India will continue to launch genuine engine oil products in the market – as Maruti Suzuki and Tata Motors have done – to diversify their portfolio and boost growth, thereby putting pressure on traditional lube suppliers, industry experts said. read more

Briefly Noted

Ancon, Peru-based lubricants and greases manufacturer Vistony will construct a new facility in Geelong, Australia. The facility will serve as the company’s headquarters for operations in Australia and New Zealand starting early next year. The National Company Law Appellate Tribunal fined Hyundai Motor India Rs 87 crore (U.S. $12 million) for allegedly enacting unfair business practices regarding discounts for passenger cars.