17 July 2013 11:22 [Source: ICIS news]
TOKYO (ICIS)--Idemitsu Lube is strengthening its sales network in China by setting up a fifth base in Chongqing, its parent firm Idemitsu Kosan of Japan said on Wednesday.
Chongqing is the headquarters of Changan Automobile, which is one of the four biggest car producers in China, Idemitsu Kosan said in a statement.
Idemitsu expects demand for lube oil to grow and its sales volume to increase with the growing Chinese automotive market, the company said.
The company plans to sell a total of 3,300 kilolitres (1,165 tonnes) of lube oil in the Chongqing and Sichuan area in 2013, Idemitsu said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections