Volume 3 Issue 28

Asian Suppliers Push into Australia

Compared to much of Asia-Pacific, Australia has a large lubricant market with high quality products and high profit margins, so its no surprise that suppliers from elsewhere in the region want to gain a foothold there. But companies that have done so say its not an easy task and that a sound strategy is required.

Apar Energized by Power Reforms

Indias largest transformer oils manufacturer, Apar Industries, expects that implementation of power policy reforms will significantly boost energy consumption, and thus demand for its products, in coming years.

Asia Driving Growth in Marine Market

Booming globalization has the worldwide marine lubes market growing at a rate of more than 4 percent per year in the next four years, and Asia - the largest geographical market - will be responsible for much of that increase, according to Technavio Research.

United Global Completes IPO

Singaporean lube supplier United Global raised SG $10.7 million (U.S. $7.9 million) in its initial public stock offering conducted last week - funds earmarked for expansion and entry into new markets.

Briefly Noted

Japanese supplierIdemitsu Kosan Co.sold just shy of 1 million tons of lubricants domestically and abroad in 2015, a record high that it expects to beat by 7.2 percent this year. Indian automaker Tata Motors will offer free check-ups, reduced-cost oil changes and discounted lubricants from over 20 associated suppliers at its 533 workshops nationwide next week in light of regional monsoons. Compressor oil demand will increase at a compound annual growth rate of 5.6 percent from 2016 to 2024 in Asia, the geographical market driving growth the most worldwide due to rapid industrialization in markets such as China, India and South Korea, according to Grand View Research.