Volume 10 Issue 18
Moresco to Relocate China Lubes to New Plant
May 5, 2023Specialty lubricant manufacturer Moresco Corp has started construction of a plant in Haining city, Zhejiang province, in Eastern China, and the plant is expected to be operational by the end of November, according to an April 13 announcement.
Blending Plant Opened in Turkmenistan
May 5, 2023An industry association in Turkmenistan recently opened a finished lubricant factory, according to a news release by the Turkmen state news agency THP. The plant is Located in the Danev district of Lebap province, in the northeastern part of the country.
Profits Drop for Copton
May 5, 2023Copton Tech reported that its net profit plunged 92% and that its operating income fell 20% in the fourth quarter, while full-year net profit fell 63% and operating income slipped 29%.
Briefly Noted
May 5, 2023Univar Solutions China Co. Ltd., a subsidiary of Univar Solutions Inc., on Wednesday announced a new exclusive agreement with Solvay, expanding their partnership for a broad range of lubricant and metalworking fluid additives for multiple markets in Eastern China, including Shanghai, Jiangsu, Zhejiang, Anhui, Hunan and Jiangxi.