Volume 10 Issue 46

Shareholders Approve Acquisition of UMW

Malaysian conglomerate Sime Darby Berhard received shareholder approval yesterday for its proposal to acquire majority ownership of another Malaysian conglomerate, UMW Holdings Bhd, whose operations include lubricant blending plants in Malaysia and China.

South Korea Base Oil Exports Jumped in October

South Korea base oil exports rose 23% in volume and by 25% in declared value in October, according to data released this week by a government agency.

Earnings Climb at Yushiro, KH Neochem

Profits and sales for the quarter ended Sept. 30 surged for Japanese metalworking fluids and industrial fluids manufacturer Yushiro Chemical, as the impacts of a global semiconductor shortage continued to ease. Profits and sales also rose for specialty chemical producer KH Neochem.

From Other Editions of Lube Report

ExxonMobil to Enter Lithium Business

Trecora Acquires Pentasulfide Producer

Russian Lube Imports Forecasted to Fall

Briefly Noted

Sales of four-wheel automobiles in Southeast Asia declined 11% to 277,493 in September, the Asean Automobile Federation reported. Year-to-date through September, sales were down 1% at 2.5 million.