Shell to expand Asia lubricants business on population, vehicle growth
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ROYAL Dutch Shell plans to grow its lubricants business in Asia in the next five years, targeting surging vehicle sales and rising population growth, said a senior company official.
The company will focus on expanding the business in China and in member countries of the Association of South-east Asian Nations (Asean), said Mark Gainsborough, executive vice-president of Shell's global commercial division. It plans to open a new lubricants blending plant in Singapore in 2016, together with two other partners, following a plant opening in Indonesia late last year.
