Asia

Additive

Richful Receives Warning from Securities Bureau

Lube Report Asia - December 29, 2023

Richful Lube Additive Co. disclosed this week that it received a warning from securities officials who concluded that so ...

Lopal Posts Higher Sales Revenue

Lopal Posts Higher Sales Revenue

Lube Report Asia - December 22, 2023

Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segmen ...

Aramco Buys Pakistan Channel for Valvoline

Aramco Buys Pakistan Channel for Valvoline

Lube Report Asia - December 22, 2023

Saudi Aramco signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. – a diversified ...

Uzbekistan Base Oil Upgrade Delayed

Uzbekistan Base Oil Upgrade Delayed

Lube Report Asia - December 15, 2023

A project to upgrade Uzbekistan’s only base oil plant has been delayed and is now scheduled to be completed in 2025, i ...

Profits Down for GS Caltex, Up for Michang

Profits Down for GS Caltex, Up for Michang

Lube Report Asia - December 15, 2023

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils busines ...

South Korea Base Oil Exports Slide in November

South Korea Base Oil Exports Slide in November

Lube Report Asia - December 15, 2023

South Korea exported 10% less base oil in November than in the same month of last year, and the reported value of the ex ...

China to Ban Short-Chain Chlorinated Paraffins

China to Ban Short-Chain Chlorinated Paraffins

Lube Report Asia - December 8, 2023

China’s government will prohibit the use of short-chain chlorinated paraffins beginning Jan. 1, aligning with numerous ...

Hi-Tech Lubricants’ Profits, Sales Rebound

Hi-Tech Lubricants’ Profits, Sales Rebound

Lube Report Asia - December 8, 2023

Blender Hi-Tech Lubricants reported strong rebounds in net profit and operating profit for its lubricants segment in the ...

Profits Up at Castrol India, Gulf, GP

Profits Up at Castrol India, Gulf, GP

Lube Report Asia - December 1, 2023

Crude oil price volatility, inflation and global uncertainties were among the factors cited by India lubricant companies ...

Additive

Arteco Builds Coolants Factory in China

Lube Report Asia - December 1, 2023

Citing opportunity in the booming electric vehicle market, Belgium-based Arteco announced recently that it is building a ...

Japan Lube Production Dipped in October

Japan Lube Production Dipped in October

Lube Report Asia - December 1, 2023

Japan’s production of finished lubricants decreased 3%, while domestic lubricant sales climbed 12% in October, accordi ...

Profits up for MJL, Eastern Lubricants

Profits up for MJL, Eastern Lubricants

Lube Report Asia - November 24, 2023

MJL Bangladesh and Eastern Lubricants Blenders reported large improvements in sales and profits for the quarter ended Se ...

Additive

BASF-YPC Makes Ethanolamines in China

Lube Report Asia - November 24, 2023

Sinopec and BASF recently inaugurated the downstream expansion of their petrochemicals joint venture in Nanjing, China ...

China Base Oil Imports Decline

China Base Oil Imports Decline

Lube Report Asia - November 24, 2023

China has been a net base oil importer in the past few years, but supplies coming from abroad are decreasing as its dome ...

Earnings Climb at Yushiro, KH Neochem

Earnings Climb at Yushiro, KH Neochem

Lube Report Asia - November 17, 2023

Profits and sales for the quarter ended Sept. 30 surged for Japanese metalworking fluids and industrial fluids manufactu ...

South Korea Base Oil Exports Jumped in October

South Korea Base Oil Exports Jumped in October

Lube Report Asia - November 17, 2023

South Korea base oil exports rose 23% in volume and by 25% in declared value in October, according to data released this ...

South Korea Market Forecast to Barely Grow

South Korea Market Forecast to Barely Grow

Lube Report Asia - November 10, 2023

South Korea’s economy may be rebounding and vehicle sales within the country continuing to expand, but that will barel ...

Profits Fall for Thai Oil, Chevron Lanka

Profits Fall for Thai Oil, Chevron Lanka

Lube Report Asia - November 10, 2023

Thai Oil Group’s base oil business suffered steep declines in net profit and sales revenue for the third quarter due i ...