Volume 7 Issue 37

Industrial Lubes Roughed up by Pandemic

The COVID-19 pandemic will reduce global demand volumes for general industrial oils and greases by 13% this year, consultancy Kline & Co. forecasted during a webinar Wednesday.

Tianhe, Wei Accused of Misconduct

Hong Kong’s securities regulator filed a complaint Wednesday accusing Tianhe Chemicals Group and its executive director of greatly overstating the company’s revenue in the lead-up to its 2014 initial public stock offering.

Mixed Results for Indian Companies

For the quarter ending June 30, India’s GP Petroleums and Apar Industries posted net losses, Castrol India and Savita Oil posted steep drops in profit, and Maximus International and Continental Petroleums reported increased profits.

From Other Editions of Lube Report

Greases Keep Components Moving in Space

Additive Sales Off but Rebounding

Fuchs Invests in South Africa

Briefly Noted

Sales of Chinese brand passenger vehicles in China reached 655,000 units in August, up 6.3% from August 2019, according to a statistical analysis released today by the China Association of Automobile Manufacturers.