Volume 4 Issue 43
Group I Plant Opens in Maoming
October 24, 2017Maoming Haihe Chemical Co., formerly known as Maoming Dazetian, is preparing to open a new API Group I base oil plant, with operations slated to begin by early November. Analysts say it will be the worlds first new Group I plant in 20 years.
Blenders Counter Counterfeiters
October 24, 2017As fake products continue to plague Asian markets, Pertamina Lubricants has stepped up its efforts to fight back with legal and preventive measures.
Chevron Lanka Profit Plunges
October 24, 2017Chevron Lubricants Lanka Plc reported a 34 percent drop in its third-quarter profit, hurt by lower revenue and finance income. Higher expenses also hit the companys bottom line.
Gulf Oil Sets Sights on B2B Segment
October 24, 2017Indias focus on infrastructure development offers opportunities for a strong fiscal year 2017-2018 in both the consumer and business-to-business segments, Gulf Oil Lubricants India Ltd. noted in its annual report.
Briefly Noted
October 24, 2017Songwon Industrial Co., a South Korean chemical company specializing in polymer stabilizers, appointed Lehmann & Voss & Co. its European distributor of antioxidants used in lubricant additives. N M Distributors Pvt. won a contract to supply Shell lubricants to Sri Lankan state-run Ceylon Electricity Board‘s barge-mounted power plant. The year-long deal is for 750,000 liters of cylinder oil priced at 295.40 Sri Lankan rupees (U.S. $1.92) per liter and 175,000 liters of system lubricant oil at Rs 253.83/l.