Volume 10 Issue 52
Japan Lube Production Fell in November
December 29, 2023Finished lubricant production in Japan declined 14%, while domestic sales increased 2% in November, compared to the same month last year, a government agency reported yesterday.
Richful Receives Warning from Securities Bureau
December 29, 2023Richful Lube Additive Co. disclosed this week that it received a warning from securities officials who concluded that some funds raised from a 2020 public stock offering were not used as the company had said on a factory that is under construction.
PSP Reports Higher Profits
December 29, 2023Thai independent lubricant manufacturer P.S.P. Specialties Public Co. reported a 24% jump in net profit despite a 7% decrease in sales revenue for the quarter ended Sept. 30, noting how a decrease in prices for raw materials helped increase gross profit.
From Other Editions of Lube Report
December 29, 2023Rising Group II, III Demand Forecast for Brazil
Briefly Noted
December 29, 2023Sales of motorcycles and scooters in six Southeast Asia countries – Indonesia, Vietnam, the Philippines, Thailand, Malaysia and Singapore – fell 28% to 830,984 in October, compared to the same month last year, according to Asean Automotive Federation data. Year-to-date through October, sales were down 5% at 10.5 million.