Volume 1 Issue 54
Oronite to Make Carboxylates in SingaporeJanuary 13, 2015
Chevron Oronite announced yesterday that it will install carboxylate capacity at its lubricant additive plant in Singapore.
Asia Gulps Metalworking FluidsJanuary 13, 2015
Asia accounted for 40 percent of the globe's U.S. $8.8 billion in demand for metalworking fluids in 2013, Frost & Sullivan concluded in a recent analysis.
Pertamina Buys Majority of AmacoJanuary 13, 2015
Indonesias state-owned Pertamina Lubricants has acquired 75 percent of Thai blender Amaco Production Co., an Amaco official told Lube Report Asia.
Mitsui Takes Stake in OleochemicalsJanuary 13, 2015
Japans Mitsui & Co. Ltd. will invest U.S. $44 million in Malaysian-owned oleochemical manufacturer Taiko Palm-Oleo (Zhangjiagang) Co. Ltd., located in Jiangsu Province, China.
China Raises Lubes Tax AgainJanuary 13, 2015
Chinas central government yesterday announced another round of tax increases for lubricants and other petroleum products - the third such increase in less than two months.