Volume 9 Issue 38
In COVID’s Wake, Maximus Expands
September 23, 2022Declaring that it sees encouraging signs of recovery from the COVID-19 pandemic, India-based Maximus International Ltd. say it plans to expand its production capacity in Africa, both through new plant construction and investment in existing facilities. In a recent interview with Lube Report, officials said the company wants to break ground on a new factory in East Africa perhaps by the end of next year and later to expand existing plants in the region.
Butylene Oxide Plant Being Built in China
September 23, 2022Sinopec’s Yanshan Petrochemical is installing a production line to make butylene oxide, a chemical intermediate used to make lubricant additives along with other applications. Sinopec called the project an important step in the development of a domestic supply base for butylene oxide.
Yip’s Chemical Posts Operating Loss
September 23, 2022The lubricants business of Hong Kong-based Yip’s Chemical Holdings Ltd. reported an operating loss and an 8% decline in sales for the first half of this year, compared to the same period last year, citing reduced automotive lubricant demand and increased raw material prices as key factors.
Briefly Noted
September 23, 2022Sales of motorcycles and scooters in four Southeast Asia countries – Malaysia, the Philippines, Singapore and Thailand – rose 42% to 319,524 in July, compared to the same month last year, according to Asean Automotive Federation data.