China driving Asia-Pac base oil boom
Base oil growth across the region will grow by 3.5% CAGR over the next five years
Base oil growth across the region will grow by 3.5% CAGR over the next five years
Two majors to collaborate on a marine bunkering business through new JV
The global synthetic and bio-based lubricant market is set to grow at a moderate CAGR, over the next three to four years, according to Transparency Market Research.
US major plans new facility in Ningbo to meet rising demand
While ownership is up some are predicting a dip in growth in 2015
Shell to remain preferred aftermarket motor oil supplier for Hyundai worldwide for the next five years. \n
Recent research shows the total global lubricants market will be worth more than $70bn by 2020, with industrial and auto lubes leading the way.
China's largest company expands its presence in South East Asia
Honda has been fined $35m for not reporting death and injury complaints, and another $35m for not reporting warranty and customer satisfaction claims.
The French major continues to invest in high-end lubes and Asia's first dedicated grease unit\n