China

Resurgent Auto Lube Sales Boost Copton Profits

Resurgent Auto Lube Sales Boost Copton Profits

Lube Report Asia - June 30, 2023

Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the ...

Moresco to Relocate China Lubes to New Plant

Moresco to Relocate China Lubes to New Plant

Lube Report Asia - May 5, 2023

Specialty lubricant manufacturer Moresco Corp has started construction of a plant in Haining city, Zhejiang province, in ...

Profits Drop for Copton

Profits Drop for Copton

Lube Report Asia - May 5, 2023

Copton Tech reported that its net profit plunged 92% and that its operating income fell 20% in the fourth quarter, while ...

Lopal Earnings Took a Dive in 2022

Lopal Earnings Took a Dive in 2022

Lube Report Asia - April 28, 2023

Jiangsu Lopal Tech Co. reported a 26% decline in operating income and a 36% drop in sales volumes for its lubricants seg ...

Richful Additives Profit Nearly Triples

Richful Additives Profit Nearly Triples

Lube Report Asia - April 14, 2023

China’s Richful Lube Additives reported that its lubricant additives operating income surged 188% in 2022, while its o ...

Slowdown Squeezes Metalworking Fluid Suppliers

Slowdown Squeezes Metalworking Fluid Suppliers

Lube Report Asia - April 14, 2023

Chinese metalworking fluid manufacturers must make big changes in how they run businesses to survive, as they are increa ...

China Base Oil Imports Expected to Stay Down

China Base Oil Imports Expected to Stay Down

Lube Report Asia - April 7, 2023

Base oil imports to China, which are mainly API Group III base oils and high-viscosity Group II, dropped 16% to 1.8 mill ...

China Power Shortages Could Boost Wind Energy

China Power Shortages Could Boost Wind Energy

Lube Report Asia - March 31, 2023

High coal prices caused a number of power shortages during 2021, and this could represent a growth opportunity for the c ...

Additive

CNOOC-Shell Select Technology for LAO Project

Lube Report Asia - March 10, 2023

Shell and China National Offshore Oil Co. are moving forward with plans to begin producing linear alpha olefins at their ...

Lopal Forms Pact with SAIC-GM-Wuling

Lopal Forms Pact with SAIC-GM-Wuling

Lube Report Asia - February 24, 2023

Lopal Technology Co. announced last week that it has reached a framework agreement with electric automaker SAIC-GM-Wulin ...

Dongfeng Castrol JV Plant Starts Production

Dongfeng Castrol JV Plant Starts Production

Lube Report Asia - February 24, 2023

The Dongfeng Castrol Oil Products Co. Ltd. joint venture announced early last month the first batch trial lubricants pro ...

China Charging Ahead in E-mobility Race

China Charging Ahead in E-mobility Race

Electric Vehicles InSite - February 22, 2023

China has the most extensive range of electric vehicles on offer, with an eye-popping 300 EV models available. Europe's ...

Handi Boosts Group III Output

Handi Boosts Group III Output

Lube Report Asia - February 10, 2023

Handi Sunshine Petrochemical has begun commercial production of API Group III base oils at its expanded base oil plant i ...

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 ...

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 ...

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 ...

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 ...