Fuels and Lubricants Materials

Hyundai’s domestic SUV sales top 2 million

[THE INVESTOR] The number of Hyundai Motor ’s sport utility vehicles sold in South Korea has broken the 2 million mark, industry data showed on July 5. Hyundai is the first South Korean carmaker to sell more than 2 million SUVs in the local market. According to industry data, a total of just under 2.012 million units of Hyundai SUVs have been sold here since 1991 when the carmaker introduced its first SUV — the Galloper based on Mitsubishi Pajero. Apart from [...]

Korea's dependence on coal-fired power output still high

Korea spent a record amount of money on coal-fired power generation last year, a nearly three-fold increase over a decade, indicating that the country’s dependence on the fossil fuel still runs high, industry data showed on Monday. According to the data compiled by the Korea Power Exchange, the country paid a total of 41.6 trillion won ($36.2 billion) to private power generators last year, down 6.2 percent from the previous year’s 44.4 trillion won, on the back of falling oil [...]

BOK forecast to hold key rate steady for Feb: poll

The Korean central bank is widely expected to stand pat on its key rate for another month in February despite weak signs of a recovery in the economy and exports that might require a rate hike down the road, a poll showed Thursday. In a monthly poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, all 10 economists surveyed projected the Bank of Korea (BOK) to hold its policy rate frozen at 1.5 percent for February. The [...]

Refiners' earnings unscathed by plunging oil prices

Despite global oil prices hitting a multi-year low due to a supply glut, local oil refiners pocketed decent earnings last year on the back of improved cracking margins, and their stellar performance may continue into this year, analysts say. Oil prices have been in the doldrums since early last year on continued concerns over an oversupply. More recently, international sanctions on Iran were lifted allowing the oil-rich country to add new barrels to an already glutted global market. This year, crude [...]

S. Korea’s industrial output rose in December

South Korea’s industrial output rose for the first time in three months in December, bolstered by solid growth in the chemical and refinery sectors, a government report showed Friday. Statistics Korea said production in mining, manufacturing, gas and electricity industries gained 1.3 percent last month from a month earlier. The increase marks a rebound after two straight months of decline. Compared with a year earlier, however, industrial production fell 1.9 percent. Output in the local chemical and refinery sectors rose 4.7 [...]

Exports plunge on weak demand, oil prices

South Korea’s exports plummeted 18.5 percent in January from a year ago, recording the largest year-on-year fall since August 2009 when the country was reeling from the global financial crisis. Exports from Korea had been on a downward path for 13 months straight, along with a continuous drop in oil prices and slowing demand from emerging countries, sparking red alert in Asia’s fourth-largest economy, which heavily relies on exports for growth. Overall outbound shipments reached $36.7 billion last month, compared to [...]

Industrial Lubricants Manufacturers and Supplier

Industrial Lubricants Manufacturers & Supplier:- It is very essential for industries to keep their machines in excellent running condition so that the productivity is not hampered with especially on account of their malfunctioning. Depending upon the type and use of machines, you need to choose a lubricant accordingly. Industrial lubricants include a range of products such as oils, greases and industrial fluids. Industrial lubricants as the name suggests are used to reduce the friction and also the wear and tear of [...]

Buy Fuel Tanks and Lubrication Equipment Online

In industry there are several things which are very much essential and required. Some time it happens that you could not get the exactly what you want, the machinery or the equipment that meet your business or production requirements. Isn’t it? Also, even if you have looked almost everywhere and have not been able to fulfil the production requirement getting proper things. Several machines or equipments such as auger, hydraulic scissor lift, lifting trolley, lubrication equipment, post hole borer, [...]

Five Tips For Successful Lubricant and Fuel Management

A critical factor in every fuel and lubricant-related business’ success is its ability to manage its lubricant and fuel inventory. Both of these products can be a significant cost to a company when mismanaged and can even lead to theft, overruns, shortfalls and run outs, which in turn can cause increased costs and loss in productivity. Here are five tips that will help you improve your fuel and lubricant management: Tip #1 – Establish a comprehensive monitoring system A comprehensive fuel and lubricant [...]