Volume 1 Issue 46
Trade Pact to Boost Korean Base Oil Exports to ChinaNovember 18, 2014
A looming free-trade agreement could boost South Korean base oil exports to China, according to industry analysts. South Korea is already one of Chinas largest sources of base oil imports, and the new pact could help South Korea move past or solidify its ranking ahead of Singapore.
Total China Gets Cosco Investment, RestructuresNovember 18, 2014
Cosco Shipping Co.'s subsidiary, Guangzhou Ocean Shipping Co., has agreed to increase its investment in Total's three, soon-to-be combined lubricant companies in China.
Balmer Lawrie Slides, Sah and FKT ImproveNovember 18, 2014
Balmer Lawries greases and lubricants segment posted an 8 percent drop in revenue and a marginal loss for the three months ended Sept. 30 compared to the year-earlier period, while Sah Petroleums revenue and expenses both rose 18 percent in its third quarter year-over-year, bringing a surge in net profit.
Italian Oil for China's Sports CarsNovember 18, 2014
Sinopec recently signed a deal with the Italian racing lubes supplier Pakelo to serve Chinese sports car owners. Under the agreement, Sinopec will be Pakelos exclusive dealer in China, selling Pakelo synthetic lubes in selected cities, such as Beijing, Guangzhou and Shanghai, which are home to a growing number of exotic and modified sports cars.
Ross Process Equipment Expands in IndiaNovember 18, 2014
Ross Process Equipment, a Pune, India-based manufacturer of mixing equipment used in lube blending, is moving to a new 20,000-square-foot facility situated on 2.5 acres of land in the Chakan industrial area. The plant’s size can be doubled in the future. RPE is owned by U.S.-based Charles Ross and Son Co., and makes blenders, mixers, dispersers, pressure vessels, tanks and more for many industrial applications. The company has operations in U.S., China and India.