Volume 3 Issue 44
Asias Chemical Regulation Policies in Flux
November 1, 2016Several countries in Asia are changing their approach to evaluating and restricting chemical substances, according to a global trade expert who recently summarized the situation for importers at an industry conference in the United States.
Gulf Oil, Bajaj Link for Bike Oils
November 1, 2016Gulf Oil Lubricants India Ltd. has agreed to supply motorcycle engine oils for Bajaj Auto - a step, Gulf hopes, toward carving a position in Indias two-wheeler lube market.
Doubling Car Parcs Beckon Lube Suppliers
November 1, 2016Chinas and Indias car parcs - already two of the worlds largest - will double by 2023, a new study predicts. As lubricants volumes boom, providers must cope with each nations idiosyncrasies to effectively distribute through their aftermarket service channels.
SK, S-Oil Profits Up, Castrol's and Hi-Tech's Down
November 1, 2016Korean refiners SK Lubricants and S-Oil posted moderate increases in profit in their third quarters despite reduced sales revenues. Castrol India Ltd. reported a 2.4 percent decline in its third quarter net profit as sales fell. Pakistani lube supplier Hi-Tech's first quarter net profit fell 14 percent.
Briefly Noted
November 1, 2016French oil majorTotal Lubricants opened a 460 metric ton lubricants warehouse in Suva, Fiji, which it said is one of its largest in the Pacific region. Russia’s Lukoil signed a memorandum of understanding with Adani Bunkering for supply of the former’s marine lubricants portfolio into all ports Adani serves in the India market.