Taiwanese state-owned petroleum company CPC Corp. began construction of an automotive lubricant blending plant in southern Vietnam this month after a delay of more than a year, the company confirmed.
Several countries in Asia are changing their approach to evaluating and restricting chemical substances, according to a global trade expert who recently summarized the situation for importers at an industry conference in the United States.
CPC and Shell Lubricants decided not to relocate base oil and lubricant blending operations that were closed in Kaohsiung, Taiwan, a source close to their joint venture told Lube Report Asia.
Taiwans Intellectual Property Court ruled in favor of Austrian energy drink manufacturer Red Bull AGs trademark infringement claim against lube supplier Ding Oil, preventing the Taiwanese company from using Red Bulls logo and packaging design.
Prices in the Asian base oils market were largely steady, with trading heard to have waned as many participants headed to the ICIS Base Oils conference in Singapore June 9-11.-by Gabriela Wheeler
Russia's Gazprom Neft Lubricants expanded its presence in Southeast Asia by signing a memorandum of cooperation and a supply deal with key Taiwanese and Indonesian companies.
Chemtura Corp. said it will expand capacity for antioxidant capacity in Taiwan and elsewhere to help meet demand triggered by the push for greater fuel efficiency in automobiles.