Asia

New vehicle sales in Japan fell 12% in 2020 to 4.6 million units, according to the Japanese Automobile Manufacturers Association. The decline – in l ...

China Auto Sales Drop Again

January 22, 2021

Auto sales in China declined 1.9% in 2020 to 25.3 million units, according to data released by the China Association of Automobile Manufacturers.

PetroChina last month opened a pilot plant producing low-viscosity polyalphaolefin in Lanzhou, China, using technology developed by Chinese researcher ...

Japan consumed 124,191 kiloliters (111,700 metric tons) of finished lubricants in November last year, down 23% from November 2019, according to data r ...

South Korea exported less base oil at less value in November last year than in the same month of 2019, according to Korea Customs Service Data.

India’s central government will probably break apart Balmer Lawrie & Co. and divest its units – including its greases and lubricants business ...

Japan’s Idemitsu Kosan Co. will consolidate its lubricant and grease business by buying up stock of Toa Oil Co. to make the small refiner a wholly-o ...

SK Promises Green Strategy

January 8, 2021

The parent company of SK Lubricants is looking for partners for base oil and chemical joint ventures, according to a New Year’s address by its CEO. ...

Indian Oil Corp. Ltd. opened a lubricant blending plant in Kolkata last month, saying the plant will support and benefit the economic development of E ...

Cambodia will eliminate tariffs on imported industrial lubricants effective Jan. 1 in an attempt to boost competitiveness of industries that use them.

Rianlon Corp., a Tianjin, China-based chemical company, will buy over 90% of the shares in Kangtai Lubricant Additives Co., a major Chinese lubricant ...

2020: Busy Beyond Pandemic

December 25, 2020

The COVID-19 pandemic was the biggest news in any industry in 2020, but the region’s lubricant markets had plenty of other significant happenings, f ...

Japanese industry has a reputation for being dominated by large domestic companies, but in the past few years, shares of the nation’s lubricant mark ...

Lube Consumption Up in Japan

December 18, 2020

Japan consumed 133,229 kiloliters of finished lubricants in October, up 17% from October 2019, according to data released last week by a government ag ...

Shell to Close Singapore Plant

December 18, 2020

As part of an initiative to decarbonize its refining operations in Singapore, Royal Dutch Shell plans to permanently close its base oil plant in Pulau ...

Hyundai Shell Base Oil reported a strong operating profit for its lube base oil segment for the third quarter, improving from an operating loss in 201 ...

Gulf Oil International announced Tuesday that it has agreed to purchase a Singapore lubricant blending plant from Ocean Tankers (Pte), the shipping ar ...

South Korea exported more base oil in October than in the same month in 2019, according to Korea Customs Service data. However, the value was down yea ...

Richful Lube Additive Co. plans to build its second factory – located in Cangzhou, Hebei province, China – after conducting an initial public stoc ...

China’s vehicle population, forecast to surpass the United States’ by the end of this year, has been transitioning to more powerful cars and truck ...