Volume 1 Issue 30
SSY Base Oil Shipping Report
July 18, 2018There has been a tiny improvement in cargo volumes out of the United States this week, Asian markets are mostly unchanged, and Europe is now starting to slow down.-by Adrian Brown
Growth Opportunity for OEM Genuine Oil
July 18, 2018Global consumption of original equipment manufacturer genuine engine oil is projected to increase at a compound annual rate of 4 percent through 2022, consultancy Kline & Co. predicted, with strong growth in North America due to shifts in vehicle ownership models and consumer behavior.
Industry Shores Up Aging Engine Tests
July 18, 2018The automobile and lubricant industries spend lots of time and money developing new specifications for automotive engine oils, but countless vehicles around the world still run on oils qualified against older specs.
Lanxess Boosted by Acquisitions
July 18, 2018Lanxess Corp. said sales revenue from its Additives business are rising since its acquisition of Chemtura in the spring of 2017, the company said in a recent press release.
From Other Editions of Lube Report
July 18, 2018Briefly Noted
July 18, 2018Valvoline Inc. completed the previously announced acquisition of the business assets of Great Canadian Oil Change Franchising Ltd., the third-largest quick-lube system in Canada. Quaker Chemical said it is in discussion with the European Commission and U.S. Federal Trade Commission regarding its combination with Houghton International – now expected to close in the fourth quarter of 2018. Quaker expects the remedy will involve a divestment of some product lines which, in total, are approximately 3 percent or less of the revenues of the combined company, consistent with Quaker’s original projections and previous comments.