Volume 2 Issue 6
Vehicle Sales Fall in Southeast AsiaFebruary 10, 2015
Southeast Asian sales and production of automobiles, motorcycles and scooters dropped as much as 10 percent in 2014, and Indonesia overtook Thailand as the largest market for new sales of all of those types of vehicles.
CPC, Partners Enter VietnamFebruary 10, 2015
Taiwans CPC Corp. entered a joint venture with Hexing Chemical and Uni-Shine Chemical Corp. to build a lubricant blending plant in Dong Nai Province, Vietnam, by the end of 2016.
SK and Gulf Both Report GainsFebruary 10, 2015
South Koreas SK Lubricants revenue rose marginally in 2014, but its operating profit shot up dramatically from 2013. Indias Gulf Oil Lubricants also made improvements year-over-year in the quarter ending Dec. 31.
JV Builds Rerefinery in ZhuhaiFebruary 10, 2015
CleanOil Investment and Hong Kong conglomerate Jebsen Group announced last week the formation of a joint venture to build a used lubricant rerefinery in Zhuhai, China.
Briefly NotedFebruary 10, 2015
Repsol Lubricants will supply lubricants in Australia for Erebus Motorsports supercars and provide support from its Melbourne workshop and technical center in Queensland, New Zealand. Shell Lubricants will supply and distribute aftermarket lubricants in China for Daimler Trucks and Buses and also provide training and technical support.