Volume 11 Issue 23

China, Taiwan Lock Horns Over Tariffs

In a growing trade dispute, China’s government announced last week that it will suspend tariff concessions on imports of 134 categories of products from Taiwan, including lubricating base oils.

PSP Receives Capital Infusion

PSP Specialties announced recently that it has entered a share purchase agreement with an investment fund focused on promoting development in key segments of Southeast Asian industry.

Profits Rise for MJL Bangladesh

MJL Bangladesh Plc reported increased net profit, Eastern Lubricants Blenders Ltd. posted decreased profits and Lub-rref (Bangladesh) Ltd.’s net profits slumped in the quarter ended March 31.

From Other Editions of Lube Report

Cerilon Starts Engineering GTL Plant

U.S. Base Oils Hit Two-year Peak

Eurolube Acquires Bizol

Briefly Noted

Sales of new automobiles in Japan fell to 312,406 in May, a 4% decline from 326,731 in the same month last year, according to data released by the Japan Automobile Manufacturers Association.