TOKYO, Aug 27 (Reuters) - Nippon Oil Corp. , Japan's biggest refiner, said on Friday it would form a 1.5 billion yen ($13.7 million) venture with China's Sinopec Group to build a lubricant oil plant in southern China, eyeing increasing demand from local auto makers and other manufacturers.
The plant, to be built in Guangzhou, Guangdong province, is expected to start operations in 2006 with annual output of 50,000 kilolitres, a Nippon Oil spokesman said.
Total investment ...
Sign in to access
this Article
"Nippon Oil, Sinopec to build lubricant oil plant" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
