Volume 8 Issue 13
Profits Drop at AP, United GlobalMarch 26, 2021
Two Singapore-based lubricant producers – AP Oil International and United Global Ltd. – reported recently that their earnings declined in 2020. AP Oil blamed a drop in sales and profit margins during the year of the coronavirus pandemic, while United cited the transition of its finished lubes business to a joint venture.
China Leads Wind Energy ChargeMarch 26, 2021
Asia-Pacific’s wind power capacity reached almost 56 gigawatts in 2020, a 78% increase from 2019, according to data released last week by the Global Wind Energy Council. China accounted for 94% of that new capacity, breaking the world record for most installed in a single year, with 52 GW.
South Korea Exports Strong in FebruaryMarch 26, 2021
South Korea exported more base oil at a greater value in February than in the same month in 2020, according to data published by the Korea Customs Service. The value for February was its highest for a month since before the COVID-19 pandemic started last year.
From Other Editions of Lube ReportMarch 26, 2021
Merger Forms Canada-Mexico Rail Network
OSHA Floats Changes to Labeling Rules
Briefly NotedMarch 26, 2021
ASV Euro Car Parts will distribute Pertamina Lubricants’ products in automotive workshops in Australia and New Zealand under a recently signed agreement.