View from the Bridge - February 2016
Overall gobal economic momentum remains positive. While 2015 was bad news for the oil majors and machinery manufacturers, consumers are making the most of low oil prices.
Overall gobal economic momentum remains positive. While 2015 was bad news for the oil majors and machinery manufacturers, consumers are making the most of low oil prices.
Majors will benefit from regional growth, but will face strong local competition
The Indonesian lubes major is continuing its expansion across the Asia Pacific region
The EU Commission and Parliament has agreed new Data Protection Regulation as November's APAC digital marketing stats show an increase in multi-channel useage.
The global lubricant viscosity improvers market is predicted to reach about 1.2 million metric tons by 2019, according to research.
A new report shows the growth will increase at a CAGR of 8.2% from 2014 to 2022
A number of recent reports are painting a synthetic landscape for the lubricants industry between now and 2020, but does it herald the demise of Group I base oils?
ILBOC, a joint venture of SK Lubricants and Repsol, has built a plant in Spain, boosting SK's total output
The French major is looking to expand across Asia with a large addition to existing capacity
The new Sinapore facility will leave Afton in a prime position to service expanding markets