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Chinese Additives Firm Readies IPO

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Jinzhou Kangtai Lubricant Additives is awaiting securities regulatory commission approval to file an initial public offering on the Shenzhen Stock Exchange. Read More

Group III Use Seen Rising in Asia

New API Group II and III sources will continue challenging the placement of Asian supplies in export markets and may speed up the adoption of lower viscosity finished lubricants throughout the region, said an industry consultant at a convention in Mumbai, India, last week. Read More

Australian Mining Lags, Expects Recovery

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Australia’s mining industry is currently in a trough, pressuring some lube suppliers to the industry to rely more on tangential markets until performance inevitably recovers, said industry observers. Read More

Briefly Noted

Showa Shell Sekiyu KK will transfer its lube business to subsidiary Shell Lubricants Japan KK on Nov. 1.  A new Research and Markets report claims that Asia-Pacific is increasingly lucrative to process oil suppliers thanks to a steady climb in tire and rubber manufacturing and demand there. The global compound annual growth rate for process oils is expected to hold at 3.8 percent between 2017 and 2022.  Petronas Lubricants International will enter the Thailand market this Friday with a new line of automotive lubricants developed for the country. Read More