Asia

Japan Consumption Jumped 20% in 2022

Japan Consumption Jumped 20% in 2022

Lube Report Asia - February 3, 2023

Japan’s domestic finished lubricant consumption rose 28% and its lubricant production jumped 33% in December, accordin ...

S-Oil Profits Rose in Fourth Quarter, 2022

S-Oil Profits Rose in Fourth Quarter, 2022

Lube Report Asia - February 3, 2023

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 ...

China’s Vehicle Registrations Slip in 2022

China’s Vehicle Registrations Slip in 2022

Lube Report Asia - January 27, 2023

China’s new motor vehicle registrations – including cars, trucks and motorcycles – declined 5% to 34.8 million in ...

South Korea Base Oil Exports Decline

South Korea Base Oil Exports Decline

Lube Report Asia - January 20, 2023

South Korea base oil exports volume fell 27%, and the declared value of the exported base oil declined 19% in December, ...

Japan Vehicle Sales Decline in 2022

Japan Vehicle Sales Decline in 2022

Lube Report Asia - January 20, 2023

Total domestic vehicle sales in Japan decreased slightly, and passenger car sales slipped 8% in 2022, according to data ...

Gandhar Plans Public Stock Offering

Gandhar Plans Public Stock Offering

Lube Report Asia - January 20, 2023

Petroleum products supplier Gandhar Oil Refinery has announced a plan to conduct an initial public stock offering in whi ...

Moresco Reports Increased Sales

Moresco Reports Increased Sales

Lube Report Asia - January 13, 2023

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants ...

Sri Lanka to Allow More Lube Suppliers

Sri Lanka to Allow More Lube Suppliers

Lube Report Asia - January 13, 2023

Sri Lanka’s cabinet of ministers approved last week a proposal to allow additional suppliers to enter the country’s ...

Additive

Shenghong Refinery Makes Maleic, MMAs

Lube Report Asia - January 6, 2023

China’s largest petrochemical refinery is now fully operating, and maleic anhydride and methyl methacrylates are among ...

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

Lube Report Asia - January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...

Copton Reports Lower Profits

Copton Reports Lower Profits

Lube Report Asia - December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in o ...

Additive

China Base Oil Output Tanked in 2022

Lube Report Asia - December 30, 2022

China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Informatio ...

Japan Lube Demand, Production Rises

Japan Lube Demand, Production Rises

Lube Report Asia - December 30, 2022

Finished lubricants consumption in Japan rose by 40%, and lubricants production jumped 49%, while lube imports fell 80% ...

Earnings Slide at Lopal, Jump for Richful

Earnings Slide at Lopal, Jump for Richful

Lube Report Asia - December 23, 2022

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for ...

Additive

Mold Release Agent Producer Conducts IPO

Lube Report Asia - December 16, 2022

Hanwei Technology Co., a South China chemical company offering mold release agents, among other products, raised ¥1.2 b ...

Profits, Sales Down for Lub-rref

Profits, Sales Down for Lub-rref

Lube Report Asia - December 16, 2022

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower op ...

South Korea Base Oil Exports Fall

South Korea Base Oil Exports Fall

Lube Report Asia - December 16, 2022

South Korean base oil exports decreased 23% in October, compared to the same month last year, while the declared value o ...