Richful Lube Additive Co. last month announced delays for two major projects – the upgrading of a lubricant additives plant and construction of a new research center – from the end of 2023 to the end of 2025.

Eastern Lubricants Blenders Ltd. reported a steep drop in net profit and an operating loss on a slight decline in sales for the quarter ending Dec. 31, which is the second quarter of its fiscal year.

The January issue explores some of the most prominent trends affecting the lubricants industry. Discover how the rise of electric vehicles will alter PCMO demand, why automotive lubricants are shifting toward synthetic base stocks as well as how growing emphasis on sustainability and other factors will guide the industry through the new year. Plus, find out how current market dynamics are shaping the distribution segment.

Japan’s registrations for sales of new passenger cars, trucks and buses rose 14% in 2023, while registrations for sales of new motorcycles increased 4%, according to data released recently by the Japan Automobile Manufacturers Association.