Volume 1 Issue 44
SSY Base Oil Shipping Report
October 24, 2018There are no major changes to be seen in the United States and European markets, with both needing a fresh injection of demand. However, Asia continues to make progress, albeit painfully slowly at times.-by Adrian Brown
Transparency Sought for Tractor Fluids
October 24, 2018Lubricant suppliers and regulators may debate the merits of 303 tractor hydraulic fluids, but speakers at a recent industry conference agreed that the market needs greater transparency about product performance.
Lithium Supplier Livent Conducts IPO
October 24, 2018Livent, the former lithium business of chemical company FMC, raised $340 million this month in its initial public stock offering. The companys growth plan is focused on catering to electric vehicles as the portion of lithium hydroxide destined for lubricating greases dwindles.
Results up for HCC, WD-40
October 24, 2018Heritage-Crystal Cleans oil business segment reported a hefty increase in revenue, and WD-40 posted higher net income, net sales and diluted earnings per share for their most recent quarters.
From Other Editions of Lube Report
October 24, 2018Briefly Noted
October 24, 2018Barbara Kudis of Allegheny Petroleum Products Co. was elected president of the Independent Lubricant Manufacturers Association for 2018-19. She succeeds Dave Croghan of Maxum Petroleum and will serve a one-year term. Jason Galary was named director of research and development at Fairhaven, Massachusetts-based Nye Lubricants. Chevron Products Co. announced this week that Daimler Trucks North America will begin factory filling with Chevron Delo 400 ZFA SAE 10W-30 heavy-duty diesel engine oil, which meets the API FA-4 specification, Jan. 1.