Volume 10 Issue 20
Bharat to Build Another Blending Plant
May 19, 2023In a nod to India’s growing lubricant market, Bharat Petroleum Corp. Ltd. said this week that it will construct a new finished lubricant blending plant in Rasayani, Maharashtra state, an industrial town approximately 50 kilometers southeast of Mumbai.
South Korea Base Oil Exports Rose in April
May 19, 2023South Korea exported 13% more base oil at a 10% higher declared value in April, compared to the same month last year, posting the second highest numbers since last September, the Korea Customs Agency reported. Export volume was up 10% through the first four months of the year.
Profit Down for Castrol India, Gulf; Up for Apar
May 19, 2023Protecting and managing margins was a common theme for several India companies announcing financial results for the quarter and fiscal year ending March 31, as Castrol India Ltd., Gulf Oil Lubricants India Ltd. and Apar Industries Ltd. all cited the challenges of inflation, rising lubricant additive costs and foreign exchange rate fluctuations.
From Other Editions of Lube Report
May 19, 2023API Publishes Carbon Footprint Methodology
Briefly Noted
May 19, 2023Japan’s sales of new motorcycles declined 8% to 28,255 in April, compared to 30,606 in the same month last year, according to data released by the Japan Automobile Manufacturers Association.