The Asian Lubricant Manufacturers Union (ALMU) officially launched with the inaugural meeting of its general membership at the Four Seasons Hotel in Macao, Southern China.
Upon the need for a single collective voice in Asia, the Asian Lubricant Manufacturers Union was announced to be established with the aim of advancing the combined interests of Asian lubricant manufacturers and promoting cooperation throughout the region.
Asia-Pacific plays an increasingly prominent role in the global lubricants market. 46 percent of worldwide finished lubricant volume, and 43 percent of base stock demand originates in the Asia-Pacific region, according to Geeta Agashe, an industry consultant who spent 19 years at Kline Group. Agashe suggests Asia is now the “epicentre of the global lubricants industry.”
In the formative years of this organization, a steering committee will be established, and the Council Members have been appointed for the preliminary two-year term. The ALMU Council is currently chaired by Dr. Ho Leng Woon, Executive Chairman of AP Oil International Ltd.
Fundamental goals of the Singapore-based ALMU have been announced as to become the principal voice of the Asian lubricant industry, to achieve smarter regulation, advancement of manufacturing, protecting members interests, maintaining quality alongside speed to market, and overcoming external threats. It aims to bridge the gap between policy, research and practice, and seeks affiliation with similar organizations such as ILMA, UEIL, ELGI, etc.