Volume 8 Issue 14
Pakistan-based blender Hi-Tech Lubricants Ltd. finished 2020 with strong increases in profit and sales for the quarter that ended Dec. 31, with lower finance costs helping offset increases in total and tax expenses.
Chinese lubricants marketer Jiangsu Lopal Tech recently exported its first batch of lubricants to Pakistan, which it said marked another step in its internationalization strategy as it builds brand awareness in markets outside China.
Pertamina continues to working to expand lubricant sales overseas, with particular attention to Australia and Thailand. The Indonesia company recently contracted distributors in both countries, markets where it has made previous pushes. In Thailand Pertamina signed its third distributor, while in Australia it arranged its second in four months.