Volume 3 Issue 50
A year after Chinese refiner Hainan Handi Sunshine Petrochemical Co. launched a finished lubricant marketing firm, Handi Lubricant Technology, the subsidiarys leadership has an ambitious goal: join the ranks of Chinas three massive national oil companies.
Vietnams PV Oil Lube will double its production capacity in Ho Chi Minh City by upgrading its plant there and integrating relocated blending equipment from its Haiphong operations.
Global consumption of metalworking fluids will swell in coming years as increased industrialization in Asia-Pacific boosts the regions share to nearly half of the market and India sets to outpace Chinas manufacturing growth by 2020, a recent report forecast.
Songwon Industrial Co., a chemical company specializing in antioxidants, has begun supplying that category of materials to the lubricant industry.