Volume 7 Issue 35
Aussie Group Checks Performance Claims
August 28, 2020The Australia Lubricant Association has begun a program aimed at identifying products that do not meet marketing claims and helping suppliers address gaps between the capabilities that they claim and the performance actually provided.
Lub-rref IPO Clears Hurdle
August 28, 2020The Bangladesh Securities and Exchange Commission last week approved the method by which Lub-rref will conduct its initial public offering, clearing the way for the lubricant marketer to hold its stock sale.
Q2 Tough on Gulf, KH Neochem
August 28, 2020Gulf Oil Lubricants India Ltd. and Japanese specialty chemical producer KH Neochem Co.’s performance materials segment both reported steep declines in profit and sales for the quarter ended June 30.
From Other Editions of Lube Report
August 28, 2020Gulf Plants Batten Down for Laura
Briefly Noted
August 28, 2020The former Caltex Australia – which refines, imports and markets lubricants – began a national rollout of the Ampol brand across Australia. The company previously announced it would rebrand its 2,000-plus service station chain and oil products to Ampol, a brand it owned since the two companies merged in 1995. The China Association of Automobile Manufacturers reported that passenger car sales from January to July this year were up 6% in East China at 68,500 vehicles, down 7% in North China at 22,300, down 13% in Central and South China at 36,100, down 23% in Southwest China at 18,800, down 24% in Northwest China at 11,100 and down 46% in Northeast China at 6,500.