Volume 11 Issue 13
Japan’s Lube Production Declines
March 29, 2024Japan’s finished lubricant production decreased 5% in February, while domestic lubricant sales surged 28%, according to data released today by a government agency.
Rerefining On the Rise in China
March 29, 2024China’s plan to encourage manufacturers in key industries to replace old equipment could lead to more rerefined base oil production and finished lubricant sales in the country, speakers said at the China International Lubrication Industry Conference hosted in Shanghai by Enmore March 20.
Yip’s Lube Profits Rebounded in 2023
March 29, 2024Yip’s Chemicals Holdings Ltd. reported that its lubricants business rebounded with an operating profit in 2023 – after an operating loss in 2022 – on a 15% improvement in sales revenue.
From Other Editions of Lube Report
March 29, 2024EV Push Will Fragment Auto Market
Briefly Noted
March 29, 2024Sales of motorcycles and scooters in five Southeast Asia countries – Indonesia, Malaysia, the Philippines, Singapore and Thailand – decreased 5% to 929,198 in January, compared to 977,193 the same month last year, according to Asean Automotive Federation data. Sales in Indonesia, the largest market in the region, decreased 4% to 592,658.