Volume 4 Issue 28

Copton Streams Qingdao Plant

Qingdao Copton Technology Co. recently announced that it opened its new manufacturing facility in Qingdao, Copton, dubbed the Huangdao Industrial Park, at the end of April, one year after it listed on the the Shanghai Stock Exchange.

Idemitsu Shareholders Conflict Continues

Some Idemitsu Kosan shareholders are seeking a court injunction to stop the company from issuing new shares that would help finance its merger with Showa Shell Sekiyu KK.

GP Targets More Capacity, Bazaar Sales

GP Petroleums Ltd. plans to eventually acquire a blending plant in southern India and to bank on the bazaar segment to increase its automotive lubricants sales, a company executive said.

Growth Forecast for Amines

The global amines market will grow at a compound annual rate of more than 5 percent from 2017 to 2021, with China and India expected to be the biggest consumers of amines due to their growing chemical industries and agriculture sectors, a market research firm projected.

Briefly Noted

Islamabad-based Berlin Petroleum Pvt.entered the market as a new player last week with its line of industrial and automotive lubricants and associated automotive products. Vitol Dubai Ltd. purchased an additional 10 percent of Pakistans Hascol Petroleum Ltd., bringing its share to 25 percent. Admore Gas Pvt., based in Karachi, Pakistan, said it increased lube sales annually by over 500 percent with its new line of products catered to the high-end market through its 450-outlet retail network.