Volume 3 Issue 19

Quality of Motorcycle Oils Revs Up

Like passenger cars and trucks, motorcycles in Asia are facing growing pressure for fuel economy and emissions controls, and this, combined with consumer demands, should raise the quality of engine oils used in two-wheelers, an Infineum official told an industry conference last month.

Tianhe Stock Suspension Hits One Year

Tianhe Chemicals Group recently marked the anniversary of suspension in the trading of its stock on the Hong Kong Stock Exchange. The lubricant additive supplier says it expects trading to resume soon, and analysts say it remains to be seen how the the company will be affected.

JX Nippon Buys into Petrolimex

Japan's JX Nippon Oil & Energy will purchase 8 percent of state-owned petroleum company Vietnam National Petroleum Group, known as Petrolimex.

Castrol, MJL Profits Jump in Q1

Lubricant maker Castrol India Ltd. reported an 18 percent jump in its first-quarter net profit, as sales increased across all segments. MJL Bangladesh Ltd. posted a 48 percent jump in profit after taxes in the first three months of 2016.

Briefly Noted

RussiasLukoiladded a marine lubricants supply barge named Lukoil Marine to its fleet of two in Singapore for a total capacity of 1250 deadweight tonnage there. Compressor oils demand will swell by a compound annual growth rate of 6.1 percent worldwide by 2021, driven primarily by expanding automobile parcs in China, India and Japan and by industrial sector growth throughout the Asia-Pacific region, research firm MarketsandMarkets found in a recent study.