Volume 3 Issue 36

JX, TonenGeneral Settle on April Merger

JX Holdings and TonenGeneral Sekiyu KK last week finalized their agreement to merge in April 2017 to become Japans largest oil refiner. Among midstream, downstream and energy ventures, the group said it expects lubricants to be one of its main growth segments in Asia.

Kawasaki Revamps Oil Packaging

Kawasaki aims to stand out in Indonesias increasingly competitive lubricant market by selling some of its motor oils in transparent containers designed to look like high-end perfume.

Tianhe Reports Uptick for Additives Segment

Tianhe Chemicals Group said last week that gross profit for its lubricant additives division rose 35 percent during the first six months of 2016, thanks to increased exports of products to multinational customers.

Laugfs Opens R&D Center in Sri Lanka

Aiming to provide formulations tailored to Sri Lankan driving conditions, Laugfs Lubricants Ltd. recently opened a research and development center billed as a tribology park at the Malwatta Export Processing Park.

Briefly Noted

Chevron Pakistan Lubricants recently broke ground for its West Wharf lube blending facility in Karachi. The project will include new bulk storage tanks, an additive decanting bay and bulk filling facility. United States-based PolySi Lubricants named Superior Lubricants distributor for its silicone and synthetic lubricants in Australia and New Zealand. India and the U.S. signed an agreement to enable logistical support, supplies and services between both countries militaries. Among medical and food services, this includes provision of lubricants and other petroleum products.