Russian motorists who purchase motor oil most often consider factors such as original equipment manufacturers recommendations, the oils viscosity and their personal experience with the product, as well as the price, a consultancy found.
Russias motor oil consumption is expected to rise by a compound annual rate of 1.4 percent through 2024 as the countrys active vehicle parc increases, while sales of new Russian-made cars stagnate, a consultancy found.
Technological advances in the automobile sector and shifting social trends will change the landscape of transportation and help shape the future of the lubricants industry, an analyst said at a conference here last week.
Ola Energy urged the Kenyan government last week to lower its import duties on base oils and lubricant additives to allow lube blenders within the country to be more competitive in the regional market.
Lukoil opened a blending plant in Kazakhstan last week, saying it will use the facility to optimize its supply in that country, to penetrate China more effectively and to expand in Central Asia.
German-Turkish joint venture Opet Fuchs last week announced the start of operations at its lubricant blending plant in Aliaga, Turkey, near Izmir, saying the plant was built to meet rapid sales growth in the country and in the neighboring markets.
Quaker Houghton announced Aug. 29 that it agreed to acquire the four operating divisions of United Kingdom-based Norman Hay plc for 80 million. This includes the Surface Technology division, which provides dry film lubricant coatings that provide friction control.
Nouryon announced Aug. 27 that it will double capacity at its surfactants plant in Stenungsund, Sweden, through a 12-million expansion and upgrade scheduled for completion by 2021s first quarter. The expanded plant will produce corrosion inhibitors and surfactants for the lubricants market.
A watchdog for Europes engine oil market has accused a British supplier of Toyota genuine oils of making false performance claims.
Compared to previous engine oil standards, Asia, Middle East and Africa regions may see a quicker rollout of ILSAC GF-6 following its launch in North America next year, a consultant told an industry conference last month.