Home May 22, 2020

May 22, 2020

Volume 7 Issue 21

Promoting Out of a Crisis

As China slowly reopens its economy, domestic lube suppliers see survival at the top of the agenda and are using promotional events and new distribution channels in attempts to jump start sales.

Japan’s Car Sales Slump in April

Registrations for sales of new passenger cars, trucks and buses fell 29 percent in April, compared to a year earlier, according to data released on May 18 by the Japan Automobile Manufacturers Association.

Profit Down for Chevron Lubricants Lanka

Chevron Lubricants Lanka Plc reported sharp declines in profit and sales for the quarter ending March 31, compared to the same period a year ago.

Briefly Noted

Pertamina plans to build Pertashop mini gas stations in four villages in Indonesia to provide access to residents located far from general fuel filling stations. The company said it will sell vehicle lubricants at the new stations in the future.

Base Oil Reports

purple world americas

Asia Base Oil Price Report

With many of the world's economies hitting a reset button and reopening to business following Covid-19 related lockdowns, base oil market participants expected a gradual, but very subdued, increase in activity levels for producers, blenders, lubricants and additives manufacturers.–by Gabriela Wheeler
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