Volume 5 Issue 20

SSY Base Oil Shipping Report

The market in the United States looks to be more stable this week. Europe sees more positives than negatives, although there are more public holidays still to come this month. Asia may have bottomed out too.-by Adrian Brown

Sanyo Chemical Weighs Investments

Japan's Sanyo Chemical Industries is considering two investments that would increase its lubricant additives capacity in Asia - an expansion of an existing plant in Nantong, China, and construction of a plant in Korea, a company spokesman told Lube Report.

Calling for Better Chinese Base Oils

During a lubricants conference in Beijing last month, Chinese industry insiders said the nation should further develop its ability to produce high quality base oils - specifically high viscosity index API Group II and Group III oils - instead of buying from abroad.

Savita Reports Strong Quarter

Indias Savita Oil Technologies Ltd. - a supplier of transformer oils, white oils, lubricants and other products - reported a net profit of Rs 40.3 crore (Rs 403 million or U.S. $5.9 million) for its fourth quarter, up 28 percent from the same quarter last year.

From Other Editions of Lube Report

Briefly Noted

PTTPLC, Thailands state-owned oil and gas company, signed a memorandum of understanding with auto care and tire company Bridgestone A.C.T., allowing the company to distribute PTTs lubricants at its service centers throughout Thailand. Vietnam National Petroleum Group, or Petrolimex, appointed Pham Van Thanh as its new chairman, replacing Bui Ngoc Bao, who retired earlier this month.