Volume 7 Issue 43

Bought Out of Japan, Shell Returns for Lubes

A year and a half after acquiring it, Idemitsu Kosan Co. is selling Shell Lubricants Japan K.K. back to Royal Dutch Shell – because Idemitsu decided it did not want two lubes businesses in the country while Shell felt it important to have one.

Development Buoys Asean Outlook

The lubricants market in Southeast Asia – which is weighted toward products for two-wheelers and process oils – will shrink this year but rebound to steadily swell over the next decade as the region’s economies continue to develop, a consultancy forecasts.

Japan Market Still Declining

Japan consumed 101,588 kiloliters of finished lubricants in August, according to data released recently by the government’s Ministry of Economy, Trade and Industry, a decline from two months earlier in terms of both raw numbers and year-to-year performance.

From Other Editions of Lube Report

Shipping Costs Skyrocket During Pandemic

Russia Softens Ban on Exports to Ukraine

Nigerian Blenders Struggle with Pandemic

Briefly Noted

South Korea’s GS Caltex announced plans to supply domestically produced lubricants in Vietnam after entering the vehicle maintenance franchise business market there, and to expand sales of lubricants to the country. GS Caltex said it will enter Vietnam’s maintenance business market through autoOasis, a vehicle maintenance franchise operated by its subsidiary GS Mbiz.