Malaysia Oil Lubricants International (Malaysia's Petronas Lubricants International) in China recently opened a new Research and Development Center, and released a number of new products for the domestic and global markets.
In mid-March 2015, Malaysia’s state oil company, Petronas Lubricants, a diesel engine manufacturer listed in China, and Yuchai Group, jointly established Yuchai Petroleum Lubricant Research and Development. center. Located in the Nanning Science and Technology Industrial Park in Guangxi Province, the center has an area of ​​over 1,000 square meters and 30 test facilities. It is capable of performing 40 kinds of physical chemistry and tribology tests.
“Guangxi Nanning Yuchai Petroleum Lubricant Research and Development Center is designed and built as a supplement to the existing North Sea Research and Development Center of Yuchai Group, based on the benchmark of international standards. It is designed to cooperate for the design of engine and engine lubricants. The process has brought about tangible results," Ma Petro said in a press release on March 19. The joint venture between PetroChina and Yuchai Group was officially established in June 2013.
“China has many opportunities, and we plan to further expand and expand the range of our products and lubricants to provide tailored, sustainable solutions,†said Amir Hamzah, President and Group Managing Director of Petrobras. Azizan, said to the Asian Lubricants.
According to the company's 2013 financial report, the joint venture helped it achieve sales growth of 11% in the second half of the year compared to the same period last year.
“China is the largest lubricant oil market in Malaysia. In 2014, 14 million liters of motor oil were sold here, and we look forward to further deepening into the Chinese market this year,†said Giuseppe Pedretti, Asia regional director.
“We plan to increase our sales worldwide to 1 billion liters per year. We focus our efforts on the core market to obtain a more in Europe (UK, Spain and Italy) and Asia (China, Malaysia, India) Extensive customer base," he added.
PetroChina also provided incentives to original equipment manufacturers such as Proton Edar Sdn, Cycle Carriage Bintang, Perodua Sdn, Naza Group and Suzuki.
PetroChina acquired Shandong Santa Maria Lubricants Co., Ltd. in China in 2010 to ensure more original equipment manufacturer (OEM) transactions.
In late March, Petronas Lubricants introduced a newly formulated Petronas Syntium to replace its existing flagship brand for passenger cars provided by Petronas Syntium. Before the end of May, the product will be put into use at the Ma Petroleum Station and the Lube Xperts automobile production plant in Malaysia. In order to further expand its domestic distribution channels, new products will also be sold in independent production workshops. In the next 20 months, it will also be sold in China and other overseas markets.
Petronas Syntium currently has approximately 23% of the domestic market share in passenger car motor oils, and “strives to achieve a market share of at least 30% in 3 to 4 years,†said Amir.
Other PetroChina lubricants include Petronas Sprinta for motorcycles, Petronas Urania for commercial vehicles, and hydraulic transmission and automatic gears for the agricultural sector. And coolant products.
European markets account for almost 30% of total overseas sales, followed by Asia with 27%, Latin America with 21%, and Africa with 17% and North America with 6%.
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