Volume 10 Issue 32

Bullish Outlook Given for India Market 

India’s lubricant market will be a bright spot in the global industry over the next decade, according to a consultant presentation at a recent conference, expanding by a quarter in volume and growing even faster in terms of value.

Results Mixed for Gulf, GP, Savita, Castrol India

The quarter ending June 30 brought mixed results for several Indian lubricant companies, as Gulf Oil Lubricants India Ltd. cited positive impacts from improved foreign currency exchange rates, while GP Petroleums highlighted volatility in raw material prices, and Savita Oil Technologies pointed to slowing demand in other countries.

Lubes’n’Greases August Issue Available

The August issue outlines how to best care for metalworking fluids and explores how tribologists are navigating the unique challenges of electric vehicle lubrication. Plus, find out why the grease industry isn’t so keen on the term “food-grade lubricant” as well as why filterability is a critical performance characteristic of today’s hydraulic fluids.

Chaoshui Opens Metalworking Fluid Production

Aiming to offer replacements for foreign products, Chaoshui Technology Co. last week formally opened a metalworking fluid production facility with capacity of 30,000 metric tons per year. The production line appears to be located at the company’s headquarters in Foshan, in southern Guangdong province, one of the country’s main industrial centers.

From Other Editions of Lube Report

U.S. Base Oil Exports Rise in May

Valvoline Inc. Reports Higher Profits, Sales

Costs Push Russians to Less Expensive Car Care

Briefly Noted

India’s GP Petroleums Ltd., which produces and markets lubricants and greases, announced on Aug. 5 the acceptance of the resignation of its CEO, Prashanth Achar, effective Aug. 14. The company’s board of directors said it will work closely with Arjun Verma, executive director and chief financial officer, to ensure seamless business continuity.