Balmer Lawrie & Co. opened a new industrial packaging plant that manufactures steel drums last month in Vadodara, in the Indian state of Gujarat, to serve a growing market for 210-liter mild steel drums in the countrys western region. Customer segments for its drums include lubricants, transformer oil and additives.
Bangchak Corp. and SCG Chemical Co. signed a memorandum of understanding last month to develop a lubricant packaging recycling scheme in Thailand.
A major Chinese supplier of lubricant packaging equipment has established a subsidiary to help clients use QR codes to battle counterfeiting. The step by Tom Packaging Machinery reflects the scale of the problem in Chinas lube industry.
New Zealands biggest lubricant brands have joined forces to recover and recycle waste packaging.
A recent report by Global Market Insights predicts demand for lubricant packaging in Asia-Pacific will grow at a compound annual rate of 3.5 percent from 2017 to 2024, driven by the regions increasing thirst for lubes, especially from India and China. However, packaging suppliers in the two countries have a more conservative outlook.
Australias Jan. 1 deadline to comply with a global system of chemical labeling requirements has some of the market's lube traders scrambling to prepare.
Pakistani lubricant supplier Hi-Tech Lubricants Ltd. raised 2.84 billion rupees (U.S. $27.1 million) last week in the first phase of its initial public stock offering on the Pakistan Stock Exchange.
Anti-counterfeiting packaging technologies come with costs, but proponents say lubricant marketers should balance them against losses from being counterfeited.
The United Nations Globally Harmonized System of Classification and Labeling of Chemicals (GHS) is sure to bring vital benefits to the lubricants industry. But the plan will likely come with costs and consequences for those purchasing, packaging or shipping chemicals, according to one expert.
Intermediate bulk containers supplier Hoover Container Solutions Ltd. has moved its Australian operations to a larger facility in Perth, Western Australia, to accommodate growing IBC demand in the region.
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