Volume 1 Issue 43
Asia-Pacifics Share of Lubes Grows
October 28, 2014The Asia-Pacific region accounted for 43 percent of global lubricant demand in 2013, Kline & Co. consultancy concluded in a recent webinar.
UMW Plans Malaysian Blend Plant
October 28, 2014Malaysian conglomerate UMW Holdings Bhd. says it has decided to build its third lubricant blending plant - a facility that would open near Port Klang, Malaysia, in two to three years.
Profits Rise for S-Oil, MJL
October 28, 2014S-Oils base oil business and MJL Bangladesh Ltd. both reported year-on-year improvements in third quarter revenue and profits. S-Oil also stated that falling costs for crude feedstock were helping offset the impact of a base oil capacity glut.
Hoover Containers Expands in Australia
October 28, 2014Intermediate bulk containers supplier Hoover Container Solutions Ltd. has moved its Australian operations to a larger facility in Perth, Western Australia, to accommodate growing IBC demand in the region.
Briefly Noted
October 28, 2014Petro-Canada Lubricants formed its second Chinese subsidiary in Guangzhou to expand its business in the southern part of the country. The company established operations in Shanghai last year. Auckland, New Zealand-based Hydraulink, a supplier and servicer of hydraulic hoses and fittings, acquired the New Zealand sales agency for Motul automotive lubricants from Makay Imports.
Correction
October 28, 2014An article in last weeks issue, V.I. Improvers: Helping Lubes Flow, should have said that Evoniks Oil Additives business sells viscosity index improvers under the Viscoplex product brand name, not the Dynavis brand. Dynavis is a technology brand specific to lubricant formulations that boost hydraulic efficiency.