Volume 8 Issue 26
Bullishness for China's Industrial Segment
June 25, 2021Despite the rapid growth of electric vehicles in China, new opportunities are available for lube suppliers, speakers said at the 2021 China Inter Lubric held on June 7 in Shanghai.
Ampol Starts Blending Mobil Lubes
June 25, 2021Ampol said this week that it had formally commenced production and supply of Mobil lubricants at its lubricant manufacturing facility in Queensland, in northeastern Australia. It’s a key step in a marketing alliance ExxonMobil announced in October 2020 and in Ampol’s transition from its former name and role as Caltex Australia.
Balmer Lawrie Posts Lower Annual Profit
June 25, 2021Balmer Lawrie Co.’s Greases and Lubricants saw its operating profit drop 8% during the company’s 2020-21 fiscal year due to impacts of the COVID-19 pandemic, but the business was running ahead by the fourth quarter, which ended March 31.
Briefly Noted
June 25, 2021Mumbai, India-based Savita Oil Technologies Ltd. appointed Vishal Sood president of its lubricant division, succeeding division CEO Sunil Aima, who retired on June 18. Sood shall be responsible for both automotive and industrial lubricants and will report to Savita’s managing director. Lubricant additives maker Infineum announced that it recently relocated its Beijing office to a more customer friendly location in the China Central Place business center.