Indonesia, the largest automotive market in Southeast Asia, is considering new fiscal policies and regulations to encourage production and purchases of electric vehicles. It would probably be years before EVs affect the lubricants market, though, because the penetration rate is currently low. read more
February 15, 2019
Volume 6 Issue 7
Gulf Oil Lubricants India Ltd and Continental Petroleum both reported healthy increases in profit for their third quarters, the former thanks to a jump in sales, the latter due to cost cutting. Meanwhile Tide Water Oil Co. and Hi-Tech Lubricants both had setbacks in performance. read more
Gulf Oil Lubricants India entered a partnership with Mahindra Logistics to set up a more efficient supply chain. A central distribution center for Gulf Oil's product portfolio has been set up in Chennai, India. Fluor Corp. announced yesterday it was awarded the engineering, procurement and construction management contract for Valvoline’s new blending and packaging facility in Zhangjiagang, China. Production is expected to begin by the end of 2020 at the 80,000-square-meter plant, which will have capacity to produce more than 30 million gallons of finished lubricants and coolants annually.