Volume 8 Issue 17

Deal Reported for SK Stake

A South Korean investment firm has won the competition to buy a minority stake in SK Lubricants, according to local news reports, but no agreement has been announced by parent company SK Innovation, and reports disagree on details of the deal.

Moresco Earnings Dropped During Pandemic

Japanese specialty lubricant manufacturer Moresco Corp. reported lower sales of specialty lubricants and synthetic oils for its 2020-2021 fiscal year, which ended in February. The company cited the impact of the COVID-19 pandemic on automobile production and lubricant consumption.

Indian Lube Demand Projected to Grow

Lubricant demand in India is expected to grow by almost 3% per year through 2024, making it one of the fastest growing major lube markets, according to market research firm Freedonia.

From Other Editions of Lube Report

Conductive Deposits Pose Threats to EVs

Russian Base Oil Exports Rising

Quaker Forms JV with Equipment Supplier

Briefly Noted

In January, Southeast Asia sales of four-wheel automobiles declined 18% to 200,200 vehicles, and the region’s motorcycle and scooter sales declined 14% to 288,784, compared to the same month in 2020, according to Asean Automotive Federation data.