Asia

China’s new motor vehicle registrations – including cars, trucks and motorcycles – declined 5% to 34.8 million in 2022, although the country’s ...

South Korea base oil exports volume fell 27%, and the declared value of the exported base oil declined 19% in December, a government agency reported. ...

Total domestic vehicle sales in Japan decreased slightly, and passenger car sales slipped 8% in 2022, according to data released by the Japanese Autom ...

Petroleum products supplier Gandhar Oil Refinery has announced a plan to conduct an initial public stock offering in which it would aim to raise Rs 35 ...

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants segment and a 1% decrease in s ...

Sri Lanka’s cabinet of ministers approved last week a proposal to allow additional suppliers to enter the country’s lubricant market, local news o ...

China’s largest petrochemical refinery is now fully operating, and maleic anhydride and methyl methacrylates are among the materials it is producing ...

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales for the quarter ending Sept. 30 ...

Copton Reports Lower Profits

December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in operating income for the third ...

China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Information Group. Output dropped partic ...

Finished lubricants consumption in Japan rose by 40%, and lubricants production jumped 49%, while lube imports fell 80% in November, according to data ...

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for the first nine months of this ...

Hanwei Technology Co., a South China chemical company offering mold release agents, among other products, raised ¥1.2 billion in an initial public st ...

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower operating profit and higher oper ...

South Korean base oil exports decreased 23% in October, compared to the same month last year, while the declared value of those exports was down 14%, ...

Net profit for Thai Oil’s base oil business rose 21% for the quarter ending Sept. 30. Base oil prices were steady in the quarter, the company said, ...

Hindustan Petroleum Corp. Ltd.’s distributors will deliver automotive and industrial grade lubricants to customers’ doorsteps throughout India via ...

Castrol India Ltd. announced on Nov. 25 an investment of up to Rs 487.5 crore (Rs 4.9 billion or U.S. $60 million) in ki Mobility Solutions, a leading ...

Hi-Tech Lubricants Ltd. reported a steep net loss and a 27% decrease in lubricant sales for the quarter ended Sept. 30, citing the impacts of supply c ...

Japan’s consumption of finished lubricants jumped 30% and production rose 15% in October, while lubricant imports fell 16%, compared to the same mon ...