Key Findings
The Brazilian government is looking forward to invest ~USD 1.5 trillion in infrastructure projects in the country in the coming years and is rapidly investing in public-private partnership projects. The rising construction & manufacturing activity in the country will become the principal driver for the growth of industrial lubricants in the country.
State owned oil company, Petrobras, is planning to increase its lubricant production capacity by 2022 which would increase its total production capacity to 22,500 m
3 per. The company is also planning to add an API group II base oil plant with a capacity of 1,300 m
3 per day
.
The adoption of online channels for purchasing lubricants is slowly increasing as a result of the Covid-19 pandemic. In 2020, Castrol Brasil expanded its online presence by partnering wwith Fortbras to establish the brand s presence on the Hipervajero website & marketplaces such as Mercado Livre, Americanas.com & Magazine Luiza.
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GURUGRAM, India, May 19, 2021 /PRNewswire/ While Indonesian government has been taking initiatives on grounds of industrial digitization, education & commerce, the country still lags behind other emerging countries in terms of digital adoption. Indonesia is placed as one of the largest economies in South East Asia where >60% population is unbanked. This proportion of population is often looking for alternative digital financing options. However, there is a still a section of population that continues to rely on traditional sources of financing (banks and informal channels like friends, family, informal lenders etc) for varied reasons such as limited financial awareness, inadequate collateral, lack of trust on alternative sources etc.
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