Volume 3 Issue 42
Smartphone Market a Calling for MWFs Firm
October 18, 2016Southern Chinas enormous manufacturing base makes it a huge market for metalworking fluids, but some heavy industries are moving overseas, taking with them chunks of demand for those products. This drove one new company in Guangzhou to focus on niche applications such as drilling and cutting oils for electronic devices.
Idemitsu, Showa Merger Delayed Indefinitely
October 18, 2016Idemitsu Kosan Co. indefinitely postponed its merger with fellow Japanese oil refiner Showa Shell Sekiyu K.K. to allow more time to discuss plans with its stakeholders, according to a statement released last week.
Malaysian Distributor Considers Manufacturing
October 18, 2016After expanding an agreement to distribute Gulf Oil International products in Malaysia, KA Petra Sdn said that it may build its first blending plant.
Sarlboro Plans Big Blend Plant in Tianjin
October 18, 2016Chinese lubricant blender Sarlboro plans to construct a second factory in Tianjin, China, and is now in talks with the local government about the project.
FKT, MJL Record Half-year Gains
October 18, 2016MJL Bangladesh Ltd. and Indonesias PT Federal Karyatama recorded significant gains in profit and revenue, respectively, in the first six months of this year, according to reports released last week.
Briefly Noted
October 18, 2016Indian trade publication Exchange4media reported that the Carat media agency won a renewed contract to support Total Lubricants in several markets including India, where Carat will reportedly have a $4.5 million budget. Southern Cross Lubes has been appointed the sole authorized distributor of ExxonMobils Mobil lubricants in New South Wales, Australia. It already sells Mobil products in Victoria and Tasmania.