Volume 1 Issue 37

Traders Hurt by Market Shifts

Base oil traders in China are watching business dry up, partly because of an oversupply in the international market, speakers at an industry conference in Beijing said last week. The situation is dire enough, many agreed, that some traders will be forced out of business while others are changing business models.

Tianhe Rebuts Fraud Claims

A week after being subjected to fraud allegations by research firm Anonymous Analytics, lube additive producer Tianhe denied the claims and accused AA of inaccurate statements.

Japanese Companies Target Indonesia

Japanese companies Hitachi Construction Machinery Co. and Idemitsu Kosan Co. launched new construction machinery lubricants in Indonesia, not only to serve Hitachi operators there, but also to gain a larger share of the local market.

Lopal Announces Green Strategy

Chinese lubricant marketer Lopal Tech unveiled a new strategy based on supply of green lubricants billed as helping motorists improve fuel economy.

Valvoline Cummins Opens Indian Lab

Valvoline Cummins opened laboratories near Mumbai that will be used for research and development of lubricants and customer training.

Briefly Noted

A bit more than half of the worlds marine lubricants were consumed in Asia Pacific in 2013, according to a new study by Kline & Co., and consumption in the region is rising. Chevron Oronite named Dynamics Middle East FZC to distribute its Oloa brand of lubricant additives and Paratone viscosity index improvers in Pakistan and several Middle Eastern countries.