Volume 7 Issue 49

Synthetics Gain as China Car Parc Evolves

China’s vehicle population, forecast to surpass the United States’ by the end of this year, has been transitioning to more powerful cars and trucks, leading to a jump in sales of fully synthetic oils, a Chinese university and website concluded recently.

Profits Down for KH Neochem, Yushiro Chemical

In Japan, KH Neochem Co. reported steep declines in third-quarter operating income and net sales for its performance materials segment, while metalworking fluids and industrial oil producer Yushiro Chemical Industry reported an operating loss and lower sales.

Asia Association Names Executive Director

The Asian Lubricant Manufacturers Union appointed Bernard Wong as its new executive director effective Dec. 1.

From Other Editions of Lube Report

Petrobras Proceeds with Sales, Group II Project

Nynas Emerging from Reorganization

S&P Global, IHS Markit Merge

Briefly Noted

Chevron Oronite confirmed it is still on track to begin commercial production at its Ningbo, Zhejiang province, China additive manufacturing plant in 2021 as originally scheduled, with construction entering its final stages towards mechanical completion. The company first announced in June 2018 its final investment decision to build the wholly owned plant, noting it had experienced a steady increase in additive demand throughout Asia-Pacific in recent years, especially in China.