Volume 8 Issue 53
KH Neochem Approves ExpansionDecember 31, 2021
The board of directors of Japan’s KH Neochem Co. decided on Dec. 27 to invest ¥9.5 billion at its manufacturing plant in Ichihara City, Chiba Prefecture, to increase its capacity to make raw materials for refrigeration lubricants. The company cited growing demand from emerging countries and the shift to more environmentally friendly refrigerants.
Richful Plans More Additive CapacityDecember 31, 2021
Already in the midst of building its second factory, Richful Lube Additive Co. last week unveiled plans to expand its existing chemical manufacturing facility, part of its strategy to transition from lubricant additive components to the supply of additive packages. The company, which is based in Xinxiang, China, said it aims to take advantage of a trend among China industry to replace foreign materials with domestic alternatives.
Japan Demand Fell in NovemberDecember 31, 2021
Japan’s finished lubricant demand dropped by more than 10% in November, compared to the same month last year, but was up a bit from October, according to a government report. Lubricant imports were lower and exports slightly higher for the month.
From Other Editions of Lube ReportDecember 31, 2021
Baytown Scaled Back After Fire
Russia Lube, Base Oil Imports Up in 2021
Briefly NotedDecember 31, 2021
Indorama Ventures Public Co. Ltd. announced on Dec. 24 the opening of its 10,000-square-foot office and technology center at Marwah Centre in Mumbai, India. Part of its integrated oxides and derivatives business segment, the research and development center is the company’s hub for the Indian subcontinent and Southeast Asia to develop products supporting downstream markets, including lubricants.