Volume 4 Issue 19
China still a Net Importer of Base Oils
May 9, 2017China 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
May 9, 2017Chevron has broken ground on an expansion of its lubricants blending facility in Hai Phong, Vietnam, the company confirmed.
FKT, UMW Record Mixed Results
May 9, 2017Malaysian 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
May 9, 2017Chevron 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.