Monday, 26 May 2014

Lube Report 20 May 2014

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May 20, 2014
Volume 1 Issue 20

Lube Report

Diesel engine oils are the largest category of automotive lubricants in India, and they are evolving quickly. A Gulf Oil official said recently that the segment is shifting toward products that last longer, provide better fuel economy and that are compatible with emissions control technologies.

Infineum unveiled a major expansion at its plant in Singapore Wednesday, and the chemical additive company said it is already planning additional capital investments in Asia.

Castrol India Ltd.’s profit dropped 19 percent in the first quarter of 2014. Net profit after taxes was Rs 100.2 crores (U.S. $17.2 million) for the three months ended March 31, compared to Rs 124.3 in 2013’s first quarter.

U.S. biotech company Verdezyne Inc. has reached a preliminary agreement to build a factory in Malaysia to manufacture dodeconedoic acids, at least in part for lubricant applications.

German lubricant supplier Addinol announced it will open six to eight sales offices across India. The company hopes eventually to capture at least 20 percent of the nation’s market for premium engine oils. Another German lube marketer, Fuchs Petrolub, announced that Chief Executive Officer Stefan Fuchs will take responsibility for overseeing the Asia-Pacific region on the company’s Board of Directors. The region is now overseen by Georg Lingg, who will step down in mid-2014.

Base Oil Reports

Asia Base Oil Price Report

A widening gap between buyer and seller price expectations is hindering the conclusion of business in Asia, despite an uptick in demand during the week. – by Gabriela Wheeler

Lube Report Asia
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1 comment:

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