The biggest lubricant producer in Bangladesh is taking a step that could allow it to expand sometime in the future. MJL Bangladesh Plc signed a memorandum of understanding to purchase a 30-acre tract for future expansion, according to a notice filed Aug. 26 with the Dhaka Stock Exchange, though the company said it has no immediate plans for the site.

Hindustan Petroleum Corp. Ltd. reported a 15% bump in lubricant sales for the fiscal year ended March 31, boosted by a 20% rise in sales to the Middle East region and Africa via a subsidiary and expansion of its lube marketing network.

The October issue features a special report on additives. Find out from where Russia is sourcing its additives after the major additive suppliers withdrew from the country as well as which factors have affected global additive supply during the past few years. Plus, discover how a Shell employee with ties to Oppenheimer was critical to key developments in additives and finished lubricants.

South Korean lubricants blender Michang Petroleum Industry Co. reported a 43% jump in operating profit on a 2% uptick in sales for the quarter ending June 30.