Volume 4 Issue 38
Chinese Packager Helps Fight Fake Oils
September 19, 2017Like in many other industries, counterfeiting has also grown into a big problem in the lube market. Some companies enlist technology in the never-ending battle to foil those that attempt to disguise fake oils.
Standard Greases Raising Tide Water Stake
September 19, 2017Grease manufacturer Standard Greases & Specialities Pvt. plans to boost its stake in Andrew Yule Group-managed Tide Water Oil Co. by buying more shares.
Marine Lubes Wave to Swell
September 19, 2017Two consultancies recently presented a wealth of evidence forecasting that continued growth in demand and revenue from marine lubricants is on the horizon and suggesting that suppliers may increasingly want to set sails toward the East.
Nynas Bullish on India
September 19, 2017Nynas AG is upbeat about its growth in India, a local representative confirmed. The Swedish naphthenic base stock producer is looking to expand throughout the country by farming out more sales staff and establishing more depots.
Briefly Noted
September 19, 2017Revenue from the sales of refrigeration oils, or fluids that absorb or release heat and provide lubrication to compressors, is set to grow at a compound yearly rate of 6 percent through 2025 in the Asia-Pacific region, according toTransparency Market Research. A record 7 million used cars were sold in China last year, according to Feng Bin, a director ofChina Auto Dealers Chamber of Commerce. Many were sold from coastal regions to smaller cities in western provinces, where demand for aftercare services and products may pick up in coming years as a result.