Asia

Lube consumption in China dipped 1.3 percent to an estimated 7.4 million metric tons in 2019, while the value of the market remained the same at nearl ...

Kolkata-based Tide Water Oil Co. (India) Ltd. reported a net profit of Rs 30.8 crore (Rs 308 million or U.S. $4.3 million) for the three months ending ...

United Arab Emirates-based GP Global said it plans to invest Rs 100 crore (Rs 1 billion or U.S. $14 million) to build a greenfield lubricant blending ...

South Korea lubricant consumption fell to a 10-year low of 990,455 kiloliters (889,627 metric tons) in 2019, the Korea Lubricating Oil Industries Asso ...

Evonik announced yesterday the commissioning of a pilot plant for scale-up of hydrogenation catalysts for oils and fats at its site in Dombivli, India ...

South Koreas major base oil refiners - SK Lubricants, S-Oil, GS Caltex, and Hyundai Shell Base Oil - each reported steep declines in operating profit ...

Japans volume of primary energy supply - oil, natural gas, coal, nuclear and renewable electricity - is projected to decline by 0.4 percent in fiscal ...

Domestic automobile sales in India declined nearly 14 percent year-on-year to 23.1 million units in 2019, according to data from the Society of Indian ...

Pakistans National Refinery Ltd. reported its half-year net profit for its lube segment - which includes API Group I base oils and waxes - plunged 52 ...

China Auto Sales Drop Again

January 24, 2020

Auto sales in China fell again in 2019, decreasing 8.2 percent to 25.8 million units, according to data released by the China Association of Automobil ...

Apar Industries Ltd. reported that its transformer oil and specialty oil segment had income of Rs 32.3 crore (Rs 323 million or U.S. $4.5 million) bef ...

Wax Industry Feels Pressure

January 22, 2020

As the trade war between Washington and Beijing continues, the United States paraffin-based wax industry is feeling pressure as sales dip and alternat ...

India's automotive engine oil market will be taking a step up in coming months as suppliers prepare for the nation's implementation of the Bharat Stag ...

Infineum has signed a letter of intent to add a second phase to its lubricant additive plant in Zhangjiagang, Jiangsu province, China, expanding a fac ...

Handi Mulls Hong Kong IPO

January 10, 2020

Hainan Handi Sunshine Petrochemical Co. is in talks to prepare an initial public stock offering on the Hong Kong Stock Exchange, aiming to raise funds ...

Although China was the worlds second-largest lubricant market in 2018, it is expected to shrink by a compound annual rate of 0.3 percent out to 2023, ...

Auto Sales Sag in China, India

December 27, 2019

Declining automotive sales in China and India are expected to impact demand for base oils, industry experts said at a conference in Singapore last mon ...

The worlds second-largest lubricant supplier is considering building a blending plant in the worlds third-largest market, according to an executive in ...

Balmer Lawrie & Co.s Sreejit Banerjee sees opportunity for volume growth for Indias lubricant suppliers but challenges, too, due to regulations and ri ...

JXTG Holdings Inc. will change its trade name and the name of its lubricant and grease producing subsidiary to Eneos and integrate its management stru ...