Volume 10 Issue 46
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 rose 23% in volume and by 25% in declared value in October, according to data released this week by a government agency.
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.