A court last month ordered that transformer oil rerefiner Hydrodec Group’s dormant Australian subsidiary be wound down to insolvency, calling it the best chance for creditors in Australia owed substantial amounts of money – including rerefiner Southern Oil Rerefining – to get the money owed them.

Japanese specialty lubricant manufacturer Moresco Corp. reported higher sales of specialty lubricants and lower sales of synthetics oils for its first fiscal quarter, which ended in May, citing as a key factor the continued rebound of Japan’s automotive production.

Passenger car vehicle sales in Vietnam have grown steadily in recent years and should continue that trend in coming years after a brief setback from the coronavirus pandemic in 2020, according to a new report. The number of such vehicles is low, however, and will continue to be constrained by the low quality of roads in the country.