Industry Analysis & Industry Trends
The industry produces motor oils (which are blended from lubricant base stocks and chemical additives), bituminous products, coke and other products such as turpentine, automotive fluids and methylated spirits. It is expected to generate revenue of $1.77 billion in 2012-13, down 0.8% from the previous year. An expected decline in coke exports from the unusually high levels of 2011-12, subdued sales of bituminous products and only moderate increases in sales of motor oil and asphalt will be responsible for the decline. However, higher prices for bitumen, coke and motor oil over the five years through 2012-13 are expected to more than offset lower volumes, yielding estimated growth in industry revenue of 3.5% per year. The industry's net profit is expected to be $236.9 million in 2012-13... purchase to read more
Industry Report - Industry Products Chapter
The Bituminous Product Manufacturing industry manufactures a number of products. The most important of these is motor oil, which is used as a lubricant for vehicle engines. Motor oils are blended from lubricant base stocks and chemical additives. The closure of Australia's only lubricant refinery (owned by Caltex Ltd) in late 2011 has meant that motor oil producers now rely on imported lubricant feedstock. Used motor oil is also recycled by some firms in the industry. The second largest product is asphalt, which is used in the construction of roads, airport runways and footpaths. Demand for asphalt is heavily dependent upon road construction activity.
Coke is manufactured from coking coal... purchase to read more