Volume 5 Issue 4

PTT Lubricants Expands in Asia

Thailands PTT Lubricants has begun to enter Asian markets as part of a plan to expand overseas sales in areas such as Japan and India, a company spokesman told Lube Report Asia.

Shandong Qingyuan Invests in Specialties

Qingyuan Group, an independent Chinese refiner, is building a new unit in Shandong province designed to make base stocks that will be used as process oils and in lubricants.

Q3 Profit Up for GP Petroleums

GP Petroleums Ltd. reported its third-quarter net profit surged 72 percent year on year to Rs 5.78 crore (Rs 57.8 million, or U.S. $905,865), thanks to a jump in revenue and other income.

From Other Editions of Lube Report

Briefly Noted

Fuchs sold its Dormagen, Germany, production site to Japans CCI Group. The site produces and bottles brake fluids and antifreeze. Sinopec Lubricant Co. entered into a cooperation agreement with Shanghai Xhenhua Heavy Industries Co. to jointly explore the lubricants market abroad.