Australia might be known as the land of opportunity, and its lubricant market has attractions, but it also has risks for lube suppliers.

The election of Narendra Modi to the post of prime minister was generally viewed as good for Indias economy, and that is considered good news for the countrys transformer oil market.

South Korea is moving toward implementation of a major chemicals law modeled after the European Unions REACH regulation.

Lubricant marketer MJL Bangladesh reported a 50 percent jump in its profit for the first half of 2014, while Indias Savita posted a 25 percent drop in second quarter profit, each compared to the year-earlier period.

Kluber Lubrication and sister company Chem-Trend opened a research and development center near Shanghai, their parent company, Freudenberg Group, announced last week.