Volume 4 Issue 25
Suppliers Brace for Indian Tax Reform
June 20, 2017India will become a common market after it implements its Goods and Services Tax system in July, and lubricant suppliers anticipate a complex transition process with both pros and cons.
Hyundai Fined for Lube Policies
June 20, 2017A competition regulator imposed a penalty of 870 million rupees (U.S. $13.5 million) on South Korean automaker Hyundai Motor Co.s Indian unit for antitrust practices, including controlling dealers prices and choices of lubricants.
SE Asia Infrastructure Projects Abound
June 20, 2017Infrastructure construction is booming in Southeast Asia - particularly in Thailand and Vietnam - and new Asian lube suppliers are positioned to secure market share if they enter the market with clear direction, according to an industry observer.
Bazaar Drives HPCLs Lube Sales
June 20, 2017Hindustan Petroleum Corp. Ltd.s lube sales jumped approximately 9 percent in the fiscal year, thanks to its focus on the bazaar segment and strong brand equity in the industrial segment. The firm said it is Indias best-performing lube marketer.
Briefly Noted
June 20, 2017Shell Lubricants picked family-run Tyreline to distribute for it in New Zealand. Pakistan State Oilwill supply all Pakistan Railways‘ 31,000 metric tons oflubricants for the next five years. Emirates National Oil Co. chose Winspec Marine to sell its marine lubricants in Singapore. Songwon Industrial Co. opened a pilot plant in Panoli, India, capable of producing samples of chemicals from all its business units, including lubricants additives.