Volume 10 Issue 36

Courting OEMs, Other Types of Customers

As competition ramps up for business with original equipment manufacturers, Chinese lubricant companies are working to differentiate themselves while also looking for other types of clients. That was a theme expressed by speakers at the Mu Cheng You lube forum held in Xi’an, China late last month.

Japan Lube Consumption Rises

Japan’s consumption of finished lubricants increased 7%, while production and exports of lubes fell 13% and 27%, respectively, in July, according to data reported by a government agency last week.

Tide Water Oil Profits, Sales Rise

Higher sales and increased revenue from other sources helped Tide Water Oil (India) Ltd. post a 12% increase in net profit for the quarter ending June 30 despite a 13% increase in total expenses, according to its stock exchange filing.

From Other Editions of Lube Report

Fuchs Buys Partner Share of Chile J.V.

Brazil Base Oil Production, Imports Up in July

Omsk to Stream Group II, III in September

Briefly Noted

In July, India’s two-wheeler sales declined 7% to 1.3 million, its passenger vehicle sales rose 3% to 350,149 and its three-wheeler sales jumped 79% to 56,034, compared to results in the same month last year, according to data released by the Society of Indian Automobile Manufacturers.