Briefly Noted


Showa Shell Sekiyu KK will transfer its lube business to subsidiary Shell Lubricants Japan KK on Nov. 1. A new Research and Markets report claims that Asia-Pacific is increasingly lucrative to process oil suppliers thanks to a steady climb in tire and rubber manufacturing and demand there. The global compound annual growth rate for process oils is expected to hold at 3.8 percent between 2017 and 2022. Petronas Lubricants International will enter the Thailand market this Friday with a new line of automotive lubricants developed for the country.

Related Topics

Business    Mergers & Acquisitions