Asia

China Auto Sales Drop Again
Various car models are displayed outside an auto retail store in Chongqing, China. © xujun / Shutterstock.com

China Auto Sales Drop Again

Lube Report Asia - January 22, 2021

Auto sales in China declined 1.9% in 2020 to 25.3 million units, according to data released by the China Association of ...

Sinochem Opens Pilot PAO Plant

Sinochem Opens Pilot PAO Plant

Lube Report Asia - January 22, 2021

Sinochem Corp. announced last month that it has opened a pilot plant producing low-viscosity polyalphaolefin in Lanzhou, ...

Lube Consumption Drops in Japan

Lube Consumption Drops in Japan

Lube Report Asia - January 15, 2021

Japan consumed 124,191 kiloliters (111,700 metric tons) of finished lubricants in November last year, down 23% from Nove ...

South Korean Base Oil Exports Slip

South Korean Base Oil Exports Slip

Lube Report Asia - January 15, 2021

South Korea exported less base oil at less value in November last year than in the same month of 2019, according to Kore ...

India May Break Up Balmer Lawrie

India May Break Up Balmer Lawrie

Lube Report Asia - January 15, 2021

India’s central government will probably break apart Balmer Lawrie & Co. and divest its units – including its gr ...

Idemitsu to Buy Up Toa Shares

Idemitsu to Buy Up Toa Shares

Lube Report Asia - January 8, 2021

Japan’s Idemitsu Kosan Co. will consolidate its lubricant and grease business by buying up stock of Toa Oil Co. to mak ...

Additive

SK Promises Green Strategy

Lube Report Asia - January 8, 2021

The parent company of SK Lubricants is looking for partners for base oil and chemical joint ventures, according to a New ...

Indian Oil Opens Blending Plant

Indian Oil Opens Blending Plant

Lube Report Asia - January 1, 2021

Indian Oil Corp. Ltd. opened a lubricant blending plant in Kolkata last month, saying the plant will support and benefit ...

Cambodia Nixes Duties on Some Lubes

Cambodia Nixes Duties on Some Lubes

Lube Report Asia - January 1, 2021

Cambodia will eliminate tariffs on imported industrial lubricants effective Jan. 1 in an attempt to boost competitivenes ...

Chemical Supplier Buying Control of Kangtai

Chemical Supplier Buying Control of Kangtai

Lube Report Asia - December 25, 2020

Rianlon Corp., a Tianjin, China-based chemical company, will buy over 90% of the shares in Kangtai Lubricant Additives C ...

2020: Busy Beyond Pandemic

2020: Busy Beyond Pandemic

Lube Report Asia - December 25, 2020

The COVID-19 pandemic was the biggest news in any industry in 2020, but the region’s lubricant markets had plenty of o ...

After Mergers, Japan Market Diversifies

After Mergers, Japan Market Diversifies

Lube Report Asia - December 25, 2020

Japanese industry has a reputation for being dominated by large domestic companies, but in the past few years, shares of ...

Lube Consumption Up in Japan

Lube Consumption Up in Japan

Lube Report Asia - December 18, 2020

Japan consumed 133,229 kiloliters of finished lubricants in October, up 17% from October 2019, according to data release ...

Additive

Shell to Close Singapore Plant

Lube Report Asia - December 18, 2020

As part of an initiative to decarbonize its refining operations in Singapore, Royal Dutch Shell plans to permanently clo ...

Hyundai Shell Base Oil Posts Profit

Hyundai Shell Base Oil Posts Profit

Lube Report Asia - December 18, 2020

Hyundai Shell Base Oil reported a strong operating profit for its lube base oil segment for the third quarter, improving ...

Gulf Oil to Buy Singapore Plant

Gulf Oil to Buy Singapore Plant

Lube Report Asia - December 11, 2020

Gulf Oil International announced Tuesday that it has agreed to purchase a Singapore lubricant blending plant from Ocean ...

Korean Base Oil Exports Up in October

Korean Base Oil Exports Up in October

Lube Report Asia - December 11, 2020

South Korea exported more base oil in October than in the same month in 2019, according to Korea Customs Service data. ...