Southeast Asia

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Indonesia Simplifies Import of Base Stocks

May 10, 2024

Indonesia has streamlined its import requirements for lubricant base stocks, which may boost the government’s call for ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

AP Oil Posts Lower Profits, Sales in 2023

AP Oil Posts Lower Profits, Sales in 2023

April 12, 2024

Singaporean lubricants blender AP Oil International Ltd. reported steep declines in net profit and sales revenue for 202 ...

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Grease Plant Construction Starts in Vietnam

March 22, 2024

Vietnamese Top Solutions Joint Stock Co. has begun constructing a new grease plant in Phuoc Nam Industrial Park. The gre ...

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China Base Oil Imports Dipped in 2023

March 22, 2024

China base oil imports fell 2% in 2023 – a slowdown in the country’s decreasing reliance on foreign oils. China has ...

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Shell to Build Grease Plant in Indonesia

March 8, 2024

Shell announced on Monday plans to build its first grease manufacturing plant in Indonesia, producing products for appli ...

PSP Profits, Sales Decline in 2023

PSP Profits, Sales Decline in 2023

March 8, 2024

P.S.P. Specialties Public Co. reported lower sales and net profit for 2023, while PV Oil Lube JSC achieved a significant ...

Profits Rise for GS Caltex, Fall for Thai Oil

Profits Rise for GS Caltex, Fall for Thai Oil

February 16, 2024

South Korea’s GS Caltex reported higher operating profit for its base oil and lubricants business for full-year 2023 d ...

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Indonesia Disputes EU Fatty Acid Duties

February 13, 2024

Indonesia requested World Trade Organization dispute consultations with the European Union over its imposition of anti-d ...

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Southeast Asia Auto Sales Dipped in 2023

February 9, 2024

Sales of four-wheel automobiles in Southeast Asia decreased 2% in 2023, while sales of motorcycles and scooters rose 4%, ...

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Vietnam Requires Lube Suppliers to Recycle

January 5, 2024

Vietnam this week enacted an extended producer responsibility law requiring suppliers of lubricants and other materials ...

Welcome to Asia Unveiled

Welcome to Asia Unveiled

January 2, 2024

Asia is an extremely diverse continent and so is the lubricants landscape in the region.

PSP Reports Higher Profits

PSP Reports Higher Profits

December 29, 2023

Thai independent lubricant manufacturer P.S.P. Specialties Public Co. reported a 24% jump in net profit despite a 7% dec ...

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UMW Moves to Bigger Plant

December 8, 2023

Independent toll blender UMW Lubetech Sdn. has increased its production capacity by more than two-thirds to 60 million l ...

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Shareholders Approve Acquisition of UMW

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

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 ...

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PSP Conducts Stock Offering

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 ...

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Trade Group, Agencies Fight Counterfeiting

September 29, 2023

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