Volume 11 Issue 4
Hindustan Mulls Spin-off of Lubes Business
January 26, 2024India’s state-owned oil marketing company Hindustan Petroleum Corp. Ltd. has hired a consultant to advise on a spin-off of its lubricants business to unlock its value.
Fuchs, Zhongding Partner on Immersion Cooling
January 26, 2024Fuchs Lubricants China Ltd. recently signed a strategic cooperation agreement with Anhui Zhongding Intelligent Thermal Management Systems Co. for a long-term partnership to drive advances in immersion liquid cooling technology and develop thermal management solutions for data centers, new energy vehicles and energy storage systems.
Car Production Boosts Moresco’s Specialty Lubes
January 26, 2024Japan's Moresco reported an 8% rise in specialty lubricant sales and a 31% decline in synthetic lubricant sales for the nine months ending Nov. 30. Factors boosting specialty lubricant sales included increased automobile production in Japan and Southeast and South Asia.
From Other Editions of Lube Report
January 26, 2024Brazil Base Oil Output Fell in 2023
Briefly Noted
January 26, 2024Sales of four-wheel automobiles in Southeast Asia decreased 5% to 286,812 in November, compared to the same month in 2022, the Asean Automobile Federation reported. Year-to-date through November, sales were down 2% at 3 million.