Volume 4 Issue 19

China still a Net Importer of Base Oils

China imported 10.5 percent more base stocks in 2016, totaling 2.8 million metric tons. Exports increased by 54 percent, to 46,920 tons, in the first year since rules on exporting base oils were relaxed.

Chevron to Expand Vietnamese Plant

Chevron has broken ground on an expansion of its lubricants blending facility in Hai Phong, Vietnam, the company confirmed.

FKT, UMW Record Mixed Results

Malaysian lubricant supplier UMW reported that its profit before taxes dipped slightly in 2016, while Indonesias PT Federal Karyatama boosted its lubricant sales volumes by 7 percent.

Briefly Noted

Chevron Lubricants Lanka Plcwill produceYamaha Motor Co.‘sYamalube genuine oils for the Sri Lankan market. PT Pertamina Lubricants renewed a supply contract with Lyman Agro Group, which is engaged in logging, plywood production, palm oil, rubber, ceramics and more.