Volume 9 Issue 24
GP Petroleums Ltd. Chief Executive Prashanth Achar spoke to Lube Report about navigating and learning from the coronavirus pandemic. Going forward, the lubricant marketer and base oil trader plans to enter new segments in the industrial lubricants business and expand its distribution network.
South Korea’s base oil export volumes rebounded in May, almost 20% higher than in the same month last year, ending a trend of year-on-year flat or lower monthly volumes during the first three months of this year, according to data released by the Korean Customs service. The value of the base oil exported also jumped nearly 50%.
Indian lubricants blender Maximus International Ltd. said it had weathered supply chain disruption, competitiveness in pricing and low demand in the market – among other challenges – to post strong growth in net profit and revenue for the fiscal year and quarter ended March 31. The company also remains bullish on further expansion in Africa. Among other Indian companies, Balmer Lawrie Co.’s greases and lubricants segment and the lubricant and grease seller Continental both reported strong ...