Michang Oil Industry Co Ltd
Michang Oil Industry Co., Ltd. (Michang) is engaged in manufacturing lubricant oil in Korea. The company produces automotive lubricants, marine lubricants, transformer oil, industrial lubricant, liquid paraffine, process oil, and hydrocarbon solvents and cleaners. Automotive lubricants of the company provide oil for passenger cars, gasoline engines and heavy duty diesel engines. It offers cylinder oil, engine oil for fishing boat and diesel engine oil. The industrial lubricants offered by the company include, machine oil, hydraulic oil, turbine oil, gas oil, refrigerating machine oil and electric discharge machine oil. Michang is headquartered at Busan, Korea.The company reported revenues of (Won) KRW 313,231.93 million during the fiscal year ended December 2008, an increase of 54.08% over 2007. The operating profit of the company was KRW 21,622.73 million during the fiscal year 2008, an increase of 66.88% over 2007. The net profit of the company was KRW 21,462.12 million during the fiscal year 2008, an increase of 99.73% over 2007.
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