Southeast Asia

Shareholders Approve Acquisition of UMW
© muhamad mizan bin ngateni

Shareholders Approve Acquisition of UMW

Lube Report Asia - November 17, 2023

Malaysian conglomerate Sime Darby Berhard received shareholder approval yesterday for its proposal to acquire majority o ...

Profits Fall for Thai Oil, Chevron Lanka

Profits Fall for Thai Oil, Chevron Lanka

Lube Report Asia - November 10, 2023

Thai Oil Group’s base oil business suffered steep declines in net profit and sales revenue for the third quarter due i ...

PSP Conducts Stock Offering

PSP Conducts Stock Offering

Lube Report Asia - September 29, 2023

P.S.P. Specialties Public Co. on Aug. 30 conducted an initial public stock offering – putting up for sale around 25% o ...

Additive

Trade Group, Agencies Fight Counterfeiting

Lube Report Asia - September 29, 2023

The Indonesia Lubricants Association organized a talk show last month to discuss how it is cooperating with the nation ...

Fuchs Opens Vietnam Blending Plant

Fuchs Opens Vietnam Blending Plant

Lube Report Asia - September 15, 2023

Fuchs Group opened a 20,000 metric tons per year lubricants blending plant in Vietnam to serve growing demand in the reg ...

Additive

Petronas and Pertamina Mull Base Oil Venture

Lube Report Asia - September 15, 2023

Petronas announced Wednesday that it has agreed with Pertamina to explore the possibility of the companies building a ba ...

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Profits Up at Thai Oil and PV Oil, Down at AP Oil

Lube Report Asia - August 25, 2023

Thai Oil Group’s base oil business achieved higher net profit on lower sales revenue for the second quarter – a sale ...

Additive

Shell May Sell Singapore Refining

Lube Report Asia - August 25, 2023

Prospects for the future of Shell’s Singapore base oil plant have taken another turn as the company now is considering ...

Survey: China, India Shift from Lithium Greases

Survey: China, India Shift from Lithium Greases

Lube Report Asia - June 23, 2023

Use of lithium soap grease thickeners dropped significantly in China and South Asia in 2022, according to the latest ver ...

Petronas to Acquire, Upgrade Maleic Plant

Petronas to Acquire, Upgrade Maleic Plant

Lube Report Asia - June 16, 2023

Petronas Chemicals Group Bhd. is buying a maleic anhydride plant from its Malaysian joint venture with BASF and plans to ...

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Profits Surge for Hyundai Shell Base Oil, Thai Oil

Lube Report Asia - June 9, 2023

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating prof ...

PSP Receives Nod for Stock Offering

PSP Receives Nod for Stock Offering

Lube Report Asia - May 26, 2023

Lubricant manufacturer P.S.P. Specialties Public Co. has obtained approval for its application for an initial public sto ...

Indonesian Market Forecast to Continue Growing

Indonesian Market Forecast to Continue Growing

Lube Report Asia - May 12, 2023

Indonesia’s lubricant demand is expected to grow to 1.32 billion liters per year by 2026, with automotive lube formula ...

Additive

ExxonMobil to Expand Indonesia Blend Plant

Lube Report Asia - April 14, 2023

As part of a strategy to grab a bigger share of Indonesia’s lubricant market, ExxonMobil plans to double the size of i ...

Shell Scratches Singapore Group II Plans

Shell Scratches Singapore Group II Plans

Lube Report Asia - March 31, 2023

Shell has decided not to build an API Group II base oil plant at its Singapore fuels and chemicals complex, according to ...

AP Oil Reports Decreased Profits

AP Oil Reports Decreased Profits

Lube Report Asia - March 24, 2023

Singaporean independent lubricant blender AP Oil International Ltd. reported declines of 60% in net profit for full-year ...

Results Mixed in Sri Lanka, Pakistan, Vietnam

Results Mixed in Sri Lanka, Pakistan, Vietnam

Lube Report Asia - March 10, 2023

Chevron Lubricants Lanka Plc reported a drop in profit for the quarter ending Dec. 31 but a huge increase in its bottom ...