Last September, the Japanese firm established a wholly owned subsidiary, Huizhou Idemitsu Lube Co., with capital of 260 million yuan ($37.6 million), scheduled for completion in March 2021. The new plant will be built on a 100,000 square-meter tract of land, and will be capable of producing 120,000 kilolitres a year, the same as its first plant in the major northeastern city of Tiajin, which began operation in 2004.
The Japanese refiner has seen annual growth of 1 percent in demand in China for lubricants used for autos, construction equipment and industrial applications such as metal processing.
Source: The Mainichi
