Southeast Asia

Innov Oil announced completion of an expansion that more than doubles its capacity to produce the company’s X series of viscosity modifiers at its p ...

Thailand’s National Energy Technology Center is heading a consortium working to develop biobased transformer oils formulated with palm oil as part o ...

ExxonMobil is evaluating the possibility of building capacity to make API Group III base oils, according to the head of its base oil business. For now ...

Vietnam plans to slash its environmental protection tax on lubricants and greases by about one-third to help companies cope with the rising cost of ra ...

Malaysia’s Petronas Chemicals Group Berhad announced Tuesday it will acquire Sweden-based specialty chemicals company Perstorp Holding AB for €2.3 ...

Indonesia’s sales and exports of motorcycles fell by double digits in March, compared to the same month last year, but the Association of Indonesia ...

A year after forming a joint venture in Vietnam, Fuchs Petrolub SE has purchased land to build a finished lubricant factory in the country. The compan ...

Vietnam’s PV Oil Lube JSC reported a steep drop of more than 80% in profit after tax for 2021, compared to the prior year, although net sales grew b ...

Vietnam plans to reduce its environmental protection tax for greases, lubricants and other oil products, effective April 1 to Dec. 31 this year, accor ...

Singaporean independent lubricant blender AP Oil reported higher net profit but lower sales for the second half of 2021 and for the full year. Despite ...

Thai officials working to foster agriculture-based industry have highlighted lubricants as one of two types of products offering the best opportunity ...

State-owned Thai Oil Group’s base oil business reported increased net profit and sales for the fourth quarter and the full year of 2021, with sales ...

British energy giant Shell is considering building an API Group II base oil unit at its refinery on Singapore’s Pulau Bukom island, apparently at le ...

Malaysia aims to fully switch to B20 diesel by the end of this year, according to a Reuters report, completing a transition that was originally schedu ...

A leading fuel retailer in southern Vietnam is dipping its toe into the lubricants business as it searches for ways to continue growing. NSH Petro pla ...

An investment firm representing the main stockholders of United Global Ltd. announced on Dec. 10 an unconditional cash offer to acquire the rest of th ...

UMW Reports Sales Drop

December 10, 2021

UMW Holdings Bhd. reported slightly lower sales of lubricants and related products for the nine months ending Sept. 30, compared to the same period la ...

France-based Arkema announced on Monday a 50% increase in global capacity for its Oleris castor oil derivatives, which are used in synthetic lubricant ...

Over the past two decades, Lopal Technology Co. grew rapidly to become a major player in China’s lubricant market. Now the company is investing big ...

South Korea’s Hyundai Shell Base Oil, the GS Caltex lube division and Thai Oil’s lube base oil business all reported much higher operating profit ...