October 22, 2020

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Quarter One 2018

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Shell’s Tuas lube blending plant boasts twice the capacity of shuttered Woodlands plant

Two striking statistics were shared with the press during the official launch of Shell’s Tuas lubricants and grease plant in Singapore last November. Firstly, the Singapore lube blending plant is the company’s third-largest plant in the world, occupying approximately 100,000 square meters. Yet, Singapore, with a total land area of only 719. 7 square kilometers, is ranked 177th in the world out of 196 countries in terms of land area!

April 4, 2018
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Boom or bust? Construction equipment market recovery gathers momentum

A recovery (of sorts) has materialised in the construction equipment market in recent times, though don’t start popping the expensive champagne bottles just yet. Before the market crash in 2008, the worldwide industry value of new construction equipment sales was an imposing USD 100 billion. Fast forward a couple of years and the market had plummetted to USD 55 billion, with some regions crashing in the vicinity of 80-85%. This year, sales are forecast to reach USD 80 billion, rising to USD 90 billion by 2021.

March 21, 2018