Volume 2 Issue 27

Growth of 10W Demand Forecast for Thailand, Indonesia

Demand for 10W engine oils should continue growing at healthy rates, a Lubrizol official told a recent industry conference in Singapore, though for different reasons and even for different types of vehicles.

Aussie Light-duty Fleet Shifts to Diesel

Australias fleet of light-duty vehicles continues shifting from gasoline power to diesel - a trend that will require changes in the engine oils supplied for those vehicles.

Total Opens Singapore Plant

Total announced the opening Friday of a 310,000 metric ton per year blending plant in Singapore - the French energy giants largest lubricant production facility.

China's Copton Files for IPO

The China Securities Regulatory Commission approved an initial public offering application from Qingdao, Shandong province-based lubricant producer Copton Technology.

Briefly Noted

Jiangsu Gaoke Petrochemical was one of nearly 30 companies that had initial public stock offerings suspended by the China Securities Regulatory Commission over the weekend as the government sought to stabilize stock markets. Yixing-based Gaoke was seeking to raise about 22.3 million for its lubricant business. Lubricant exports from India fell 65 percent in the fiscal year ended March 31, according to the Petroleum Planning & Analysis Cell of the Ministry of Petroleum and Natural Gas.