China

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Chinese Blender Commissions Second Plant

Lube Report Asia - July 28, 2023

Chinese lubricant blender Shengbaolu Petrochemical Co., known as Sarlboro, recently completed construction of and commis ...

Chinese Cars Won’t Affect Russia’s Lube Market

Chinese Cars Won’t Affect Russia’s Lube Market

Lube Report EMEA - July 25, 2023

Russia imported 227,000 passenger cars in the first half of 2023 – more than tripling the amount in the same period la ...

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Group II 500N Price Index Coming to China

Lube Report Asia - July 21, 2023

With a price index for API Group II 150 neutral base oils under its belt, the Shanghai Lubricant Trade Association is no ...

Lopal Posts Higher Revenue, Lower Volume

Lopal Posts Higher Revenue, Lower Volume

Lube Report Asia - July 14, 2023

Chinese lubricant marketer Lopal Tech Co. reported a 9% increase in first quarter sales revenue for its lubes segment de ...

China Industry Wants Domestic Viscosity Modifiers

China Industry Wants Domestic Viscosity Modifiers

Lube Report Asia - July 14, 2023

In step with central government goals for a wide range of sectors, China’s lubricant industry is in a hurry to develop ...

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Satellite Plans Another PAO Plant in China

Lube Report Asia - July 7, 2023

The march of China companies stepping into the polyalphaolefin business continues, as acrylic acid producer Satellite Ch ...

Richful Q1 Profits, Sales Rise

Richful Q1 Profits, Sales Rise

Lube Report Asia - July 7, 2023

China’s Richful Lube Additives Co. reported an 88% jump in net profit for and a 58% rise in sales revenue for the firs ...

China Gets Ahead of Wind, Solar Targets

China Gets Ahead of Wind, Solar Targets

Lube Report Asia - June 30, 2023

Although China is on track to double its wind and solar capacity by 2025 – five years ahead of its government’s targ ...

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 ...

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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 ...