Southeast Asia

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 liters (54,000 metric tons) per ...

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

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

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% of its shares to raise money fo ...

The Indonesia Lubricants Association organized a talk show last month to discuss how it is cooperating with the nation’s government to crack down on ...

Fuchs Group opened a 20,000 metric tons per year lubricants blending plant in Vietnam to serve growing demand in the region and to speed its response ...

Petronas announced Wednesday that it has agreed with Pertamina to explore the possibility of the companies building a base oil plant at Pertamina’s ...

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

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

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

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

Base oil price margins that were far greater than a year earlier yielded hefty increases in first quarter operating profits for Hyundai Shell Base Oil ...

Lubricant manufacturer P.S.P. Specialties Public Co. has obtained approval for its application for an initial public stock offering that aims to raise ...

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

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

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

Singaporean independent lubricant blender AP Oil International Ltd. reported declines of 60% in net profit for full-year 2022 and 94% for the second h ...

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

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth quarter, and operating profit for ...

In Southeast Asia in 2022, sales of four-wheel automobiles rose 23%, while sales of motorcycles and scooters in four key countries increased 14%, acco ...