China

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Moresco Buying Out China Joint Venture Partner

September 1, 2023

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

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Luroda Buys Out GS Caltex for Tianjin Plant

August 18, 2023

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in ...

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Chaoshui Opens Metalworking Fluid Production

August 11, 2023

Aiming to offer replacements for foreign products, Chaoshui Technology Co. last week formally opened a metalworking flui ...

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Chinese Blender Commissions Second Plant

July 28, 2023

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

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Chinese Cars Won’t Affect Russia’s Lube Market

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

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

July 14, 2023

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

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China Industry Wants Domestic Viscosity Modifiers

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

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

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 ...

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China Gets Ahead of Wind, Solar Targets

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

June 30, 2023

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

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Moresco to Relocate China Lubes to New Plant

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

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

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

April 14, 2023

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

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Slowdown Squeezes Metalworking Fluid Suppliers

April 14, 2023

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

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China Base Oil Imports Expected to Stay Down

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 ...