Volume 3 Issue 39

Bazaar is Key Link for Oil Sales

Maintenance workshops and lube outlets are a key link in the supply chain for two-wheeler engine oils in India. Mechanic advice, incentives from marketers and customer preference all play a role in purchase decisions in the bazaar.

Asia's Group III Dominance Wanes

Asia-Pacifics share of global API Group III base stock supply could slide to 43 percent by 2025, down from 56 percent in 2015, due to planned capacity additions in other regions, consultancy Kline & Co. projects.

Lanka IOC Eyes Indonesia

Lanka IOC is moving closer to entering the Indonesian lubricant market. After exploring opportunities on the sprawling archipelago for the past year, the Sri Lankan company now anticipates beginning to export to Indonesia by the end of 2016, a spokesman confirmed today.

Hanjin Troubles Disrupt Lube Supplier

The recent bankruptcy filing of South Korean shipping giant Hanjin Shipping Co. has caused a Singapore lubricant supplier to scramble to keep its business operating smoothly.

Briefly Noted

Castrol India and Tata Motors expanded a partnership to cover the joint development, marketing and supply of engine oils for factory and replacement fill of engine lubricants for passenger cars manufactured by the Indian automaker. Shell and Japanese construction and mining equipment manufacturer Komatsu announced the co-launch of a genuine diesel engine oil for Komatsu machinery in India.