PSP Specialties anticipates prospects for sales growth

Thailand’s engine oil exports continue to experience significant growth despite the US reciprocal tariff policy, thanks to demand from China and Southeast Asia, says Thai lubricant manufacturer PSP Specialties Plc.

- YUTHANA PRAIWAN

The company recently received purchase orders from Chinese entrepreneurs who export the lubricants to the US, said deputy chief executive Sakesan Krongphanich.

US President Donald Trump decided to extend a tariff deadline, originally set to expire on Aug 12, by an additional 90 days. His decision likely resulted from talks held between US and Chinese authorities in Stockholm late in July, according to media reports.

“We have been contacted by Chinese lubricant sellers, which should lead to a significant sales growth opportunity,” said Mr Sakesan.