Volume 4 Issue 29

Chinese Additives Firm Readies IPO

Jinzhou Kangtai Lubricant Additives is awaiting securities regulatory commission approval to file an initial public offering on the Shenzhen Stock Exchange.

Group III Use Seen Rising in Asia

New API Group II and III sources will continue challenging the placement of Asian supplies in export markets and may speed up the adoption of lower viscosity finished lubricants throughout the region, said an industry consultant at a convention in Mumbai, India, last week.

Australian Mining Lags, Expects Recovery

Australias mining industry is currently in a trough, pressuring some lube suppliers to the industry to rely more on tangential markets until performance inevitably recovers, said industry observers.

Sri Lanka Lube Sales up Double-digits

Lube sales in Sri Lanka were up 11.4 percent last year, as Chevron continued to hold the lions share of the 26.1 billion rupees (U.S. $170 million) market.

Briefly Noted

Showa Shell Sekiyu KK will transfer its lube business to subsidiary Shell Lubricants Japan KK on Nov. 1. A new Research and Markets report claims that Asia-Pacific is increasingly lucrative to process oil suppliers thanks to a steady climb in tire and rubber manufacturing and demand there. The global compound annual growth rate for process oils is expected to hold at 3.8 percent between 2017 and 2022. Petronas Lubricants International will enter the Thailand market this Friday with a new line of...