Asia

Hi-Tech Lubricants Posted Loss, Sales Drop

Hi-Tech Lubricants Posted Loss, Sales Drop

Lube Report Asia - October 6, 2023

Hi-Tech Lubricants’ lubricants segment recorded a net loss and a 26% drop in sales for the fiscal year ending June 30, ...

Additive

Hindustan Will Form Subsidiary for Lubes

Lube Report Asia - October 6, 2023

Hindustan Petroleum Corp. Ltd. plans to create a separate subsidiary for its lubricant business, which it claims is the ...

Kline Predicts Slow Growth in Asia-Pacific

Kline Predicts Slow Growth in Asia-Pacific

Lube Report Asia - October 6, 2023

Asia-Pacific’s finished lubricant demand is projected to grow by a compound annual rate of 0.8% to 2032, with most of ...

Russia Leans on Asian Additives

Russia Leans on Asian Additives

Lubes'n'Greases - October 2, 2023

The major additive companies pulled out of Russia last year. Which countries are now helping Russia to meet demand for a ...

Additive

Trade Group, Agencies Fight Counterfeiting

Lube Report Asia - September 29, 2023

The Indonesia Lubricants Association organized a talk show last month to discuss how it is cooperating with the nation ...

Japan Lube Production Down, Sales Up

Japan Lube Production Down, Sales Up

Lube Report Asia - September 29, 2023

Finished lubricants production in Japan decreased 5%, while domestic sales rose 4% in August, according to data released ...

South Korea Base Oil Exports Dropped in July

South Korea Base Oil Exports Dropped in July

Lube Report Asia - September 22, 2023

South Korea exported 34% less base oil, and the reported value of those exports plunged 48% in July, compared to the sam ...

First Half Improvement at Richful, Lopal

First Half Improvement at Richful, Lopal

Lube Report Asia - September 22, 2023

Richful Lube Additives Co. reported a 71% surge in net profit for the first half of 2023, while lubricant marketer Lopal ...

Additive

McDonch Opening Lube Plant in China

Lube Report Asia - September 22, 2023

McDonch Petrochemical Co. announced on Sept. 1 it will soon open the first phase of a blending plant in Tianjin, China, ...

Yip’s Chemical Reports Financial Rebound

Yip’s Chemical Reports Financial Rebound

Lube Report Asia - September 15, 2023

The lubricants business of Hong Kong-based Yip’s Chemical Holdings Ltd. reported an operating profit for the first hal ...

Tide Water Oil Profits, Sales Rise

Tide Water Oil Profits, Sales Rise

Lube Report Asia - September 8, 2023

Higher sales and increased revenue from other sources helped Tide Water Oil (India) Ltd. post a 12% increase in net prof ...

Japan Lube Consumption Rises

Japan Lube Consumption Rises

Lube Report Asia - September 8, 2023

Japan’s consumption of finished lubricants increased 7%, while production and exports of lubes fell 13% and 27%, respe ...

Courting OEMs, Other Types of Customers

Courting OEMs, Other Types of Customers

Lube Report Asia - September 8, 2023

As competition ramps up for business with original equipment manufacturers, Chinese lubricant companies are working to d ...

China in Your Hand

China in Your Hand

Lubes'n'Greases - September 6, 2023

China has become a powerhouse country. As such, it has the ability to make or break global sustainability efforts.

JASO Motorcycle Oil Specification Gets a Facelift

JASO Motorcycle Oil Specification Gets a Facelift

Lubes'n'Greases - September 6, 2023

An updated motorcycle oil specification is set to hit the market soon. What’s new, and how might the new standard affe ...

Profits Fall at Lanka IOC, Chevron Lanka

Profits Fall at Lanka IOC, Chevron Lanka

Lube Report Asia - September 1, 2023

Operating profit for Lanka IOC plummeted 80% for the quarter ended June 30 due to a steep increase in cost of sales, whi ...

Additive

Chinese Blenders Adapt to Economic Downturn

Lube Report Asia - September 1, 2023

Amid a weak economy that is on the brink of deflation, Chinese blenders are keen to seek alternative options to keep the ...

Moresco Buying Out China Joint Venture Partner

Moresco Buying Out China Joint Venture Partner

Lube Report Asia - September 1, 2023

Japanese specialty lubricant producer Moresco Corp said this week that it will buy out its partner in a specialty lube j ...