Volume 7 Issue 18
Castor Oil Supply from India Resumes
May 1, 2020Shipments of castor oil derivatives are flowing from India once again, easing availability of popular grease additives after supplies were constrained last month by a lockdown meant to combat Covid-19.
China VI Emissions Standard Postponed
May 1, 2020The Chinese government announced on Wednesday a six-month postponement to nationwide implementation of its China VI emissions standard for light-duty vehicles, which had been scheduled to take effect July 1.
Earnings up for Hi-Tech, Down for NRL
May 1, 2020Hi-Tech Lubricants posted higher net profit for the quarter ending March 31, while National Refinery Ltd. reported decreased net profit for its lube segment for the nine months that ended March 31, compared to year-earlier results. Both companies are based in Pakistan.
From Other Editions of Lube Report
May 1, 2020Briefly Noted
May 1, 2020In Japan, lost light vehicle production volume related to the covid-19 pandemic will reach more than 400,000 units by the end of June, as the Japanese government announced extended lockdowns in various parts of the country, IHS Markit said in an April 30 news release. Japan’s full-year 2020 light vehicle production is now expected to decline by 20.4 percent year-over-year to 7.3 million units, according to the global information company.