Interested in the lubricant industry in Asia?

Subscribe now to Lube Report Asia. This FREE weekly e-newsletter features breaking news and base oil price reports.

November 2, 2018

Volume 5 Issue 44

China Remains Large Base Oil Importer

Story Image

China is one of the world’s largest importers of base oils, and that looks unlikely to change as its finished lubricant market continues to grow. By 2021, base oil consumption in the country is forecast to exceed 8.8 million metric tons, up 11 percent from 2016, according to ICIS. read more

Results Dip at Castrol India, GP, Hi-Tech

Castrol India Ltd. posted a double-digit drop in profit for the quarter ended Sept. 30, while Apar Industries Ltd. reported higher revenue for its transformer and specialty oils division. GP Petroleums Ltd. and Pakistan’s Hi-Tech Lubricants Ltd. both reported worse results than the same period of last year. read more

Wells Opens Blend Plant in Tianjin

Wells Lubricating Oil (Tianjin) Co. announced that it opened a blending plant in Tianjin, China, to support its growing business. The company said it now has capacity to make 150,000 metric tons of lubricants per year. read more

Briefly Noted

Hyundai Thailand and Shell Lubricants Thailand recently launched co-branded motor oils that are manufactured by Shell and that will be exclusively recommended in more than 30 Hyundai workshops nationwide.  Business Automotive Solutions will market and distribute  PT Pertamina Lubricants products in Australia.