Volume 10 Issue 33

Luroda Buys Out GS Caltex for Tianjin Plant

Chinese lubricant manufacturer Luroda recently acquired GS Caltex’s 65% share in their joint venture blending plant in Tianjin, China, becoming the sole owner of the facility and gaining flexibility to produce products for both the South Korean company and other customers.

South Korea Base Oil Exports Plummet

South Korea exported 34% less base oil in July, and the reported value plunged 48%, compared to the same month last year, the Korea Customs Service reported. The export volume was the smallest in more than three years and the value the lowest in more than two.

Special Report: Electric Vehicles

The Special Report on Electric Vehicles examines the greasing and heat management needs of this new category of automobiles plus some lessons gleaned from an electrified racing circuit.

Profits Up at Yushiro, KH Neochem, GS Caltex

Second quarter profits for metalworking fluids and industrial fluids manufacturer Yushiro Chemical received a boost from the easing of the global semiconductor shortage, which increased automotive plant utilization globally. Specialty chemical producer KH Neochem also reported higher profit and sales, while profits jumped 47% for GS Caltex’s base oils and lubricants business.

From Other Editions of Lube Report

Conditions Eased for Potential Isla Operator

SBZ Begins Manufacturing in U.S.

Asian Imports Ascend in Russia

Briefly Noted

Sales of motorcycles and scooters in six Southeast Asia countries – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam – rose to 1 million in June, a 16% increase from 881,365 in the same month last year, according to Asean Automotive Federation data.