Volume 2 Issue 18

India's Two-wheeler Market Zooming Ahead

India is the worlds second-largest market for two-wheelers, and it is on track to move past China in the next couple decades, a trend that translates into large growth potential for lubricant marketers.

China's Economy Spurs Calls to Adapt

Chinas slowing economy brings the domestic lubricant industry enormous challenges, including a decline in traditional manufacturing industries and a more competitive landscape for both base stocks and finished lubes.

Balmer Aims to Double Market Share

Indian grease and lubricant producer Balmer Lawrie said it plans to double its domestic market share in the next five years through expanded manufacturing capacity and more aggressive marketing.

MJLs 2014 Sales Up, SKs Down in 1Q

Bangladeshs MJL Ltd. reported a 10 percent increase in revenue and a 19 percent increase in profit for its lubricants operations in 2014. SK Lubricants, of South Korea, underwent a dip of 17 percent in both revenue and profit during 2015s first quarter compared to the year-earlier period.

Publisher's Note: Lube Report Asia Passes BPA Audit

Lube Report Asia has completed its first audit by BPA Worldwide, an achievement that validates the authenticity of its subscriber list.

Briefly Noted

ExxonMobil appointed TAT Petroleum Pte., of Singapore, to distribute Mobil lubricants in Vietnam. Indias Tide Water Oil Co. selected Boss Lubricants as exclusive distributor of its Veedol brand of lubricants in western Canada.