Volume 10 Issue 26
Japan Lube Demand Rises, Production Falls
June 30, 2023Consumption of finished lubricants in Japan rose 13%, while the country’s lubricants production declined 9%, and lubricant exports tumbled 20% in May, according to data released today by a government agency.
Resurgent Auto Lube Sales Boost Copton Profits
June 30, 2023Chinese lubricants blender Qingdao Copton Tech Co. reported a 12% increase in first quarter net profit, compared to the same period of 2022, and a 68% jump in sales revenue as a strong increase in automotive lubricant sales more than offset a decline for industrial products.
China Gets Ahead of Wind, Solar Targets
June 30, 2023Although China is on track to double its wind and solar capacity by 2025 – five years ahead of its government’s target year – the current pace and scale are not yet enough to ensure coal becomes more of a supporting power source in the country, a United States-based global energy monitoring organization said in a report released this month.
From Other Editions of Lube Report
June 30, 2023Sales Jump at Oil Change Centers
Briefly Noted
June 30, 2023In May, sales of new automobiles in Japan reached 326,730, a 25% jump from 261,433 in the same month last year, according to data released by the Japan Automobile Manufacturers Association.