Volume 2 Issue 33
Tianjin Blast Shakes Lube Ops
August 18, 2015Local government in Tianjin, China, suspended port traffic following Wednesdays deadly warehouse explosions at the northeast China industrial zone, which is the busiest base oil port in Northeast Asia and a prominent lubricants supply hub.
Imports Pushing into Australia
August 18, 2015Australias lubricant demand may be flat to shrinking, but foreign companies continue to increase the volume that they import to the AU $1.7 billion marketplace.
Tianhe Auditor Balks on 2014 Results
August 18, 2015Tianhe Chemicals disclosed Friday that its auditor has advised that it may not vouch for the validity of the companys 2014 financial results.
Profits Jump at Balmer Lawrie, Savita
August 18, 2015Balmer Lawrie & Co.s greases and lubricants segment moved from the red to black with its performance for the quarter ended June 30, while Savita Oil Technologies recorded an 88 percent jump in profits.
Briefly Noted
August 18, 2015Sister German companies Klueber Lubrication and Chem-Trend opened a shared U.S. $21.1 million production plant in Mysore, India. Japanese production of automotive powertrains will decrease from 4.3 million in 2014 to 3.5 million in 2020, Frost & Sullivan predicts in a new study. The firm said manufacturers will reduce engine sizes and increase use of turbochargers and direct injection to reduce air emissions.