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
November 2, 2018
Volume 5 Issue 44
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
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.