Volume 11 Issue 18
Japan’s Lube Production Slips
May 3, 2024Finished lubricant production in Japan fell 22%, and domestic lubricant sales declined 13% in March, according to data released Tuesday by a government agency.
Mitsubishi, Denka Form Fullerenes JV
May 3, 2024Chemical maker Denka Co. has agreed to by a 50% stake of Mitsubishi Chemical’s Frontier Carbon Corp., forming a joint venture aimed at expanding production and sales of fullerene nanoparticles.
Profits Down for SK Enmove, S-Oil
May 3, 2024The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ending March 31, while joint venture Hyundai Shell Base Oil posted a small increase in profit.
From Other Editions of Lube Report
May 3, 2024U.S. Base Oil Output Rose in February
Briefly Noted
May 3, 2024Sales of new motorcycles in Japan declined 17% to 32,446 in March, compared to 39,073 in the same month last year, the Japan Automobile Manufacturers Association reported.