Home November 24, 2015

November 24, 2015

Volume 2 Issue 47

Identifying Fake Foreign Brands in China

Lubricants bearing German and English names are becoming more common in China, but some products are not as foreign as they appear to be.

Asia Additive Market: Ripe, Hard to Reach

With approximately 45 percent of the worlds finished lubricants consumption, Asia-Pacific is a crucial region for additives suppliers, but the barrier-to-entry is extremely high, Kline & Co. advised.

Pertamina Plans Chain of Workshops

Indonesian state-owned lubricant company Pertamina Lubricants aims to grab a bigger share of the domestic market by opening a chain of workshops for motorcycles and passenger cars.

Gazpromneft Enters China with Quick Lubes

Russia's Gazpromneft-Lubricants is entering China with a strategy of using quick lube centers to sell premium lubricants.

Briefly Noted

Five Asian countries - China, India, Japan, Korea and Indonesia - are among the 10 largest lubricants markets worldwide, Fuchs Petrolubs Apu Gosalia told the UEIL Congress in Malta last month. International oil company Vitol agreed to buy a 15 percent stake in Pakistani oil products dealer Hascol Petroleum Ltd., which also blends lubricants. Vitol has an option to buy an additional 10 percent within a year.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

Slowing demand and ample supply of base oils continue to prevail in Asia, as evidenced by production cutbacks and plant shutdowns in key markets.- by Gabriela Wheeler
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