Master Fluid Solutions has invested in a new metalworking fluids blending plant in Taicang, China, the company announced on Wednesday. The new facility is the Perrysburg, Ohio-based company’s single-largest investment globally and will double its capacity in the country. read more
August 17, 2018
Volume 5 Issue 33
India-based GP Petroleums Ltd. on Wednesday announced an agreement with lubricant producer Mag Lube to manufacture and market GP’s Ipol lubricants in the Middle East and Africa. The agreement marks the next step in GP Global’s plan to take its Ipol brand global and expand production capacity. read more
Apar Industries reported a hefty decline in net profit, while Tide Water Oil Co. and Continental Petroleums Ltd. both posted healthy increases in net profit for the quarter ending June 30. read more
Petronas Lubricants International will begin operation of a new blending plant in Maharashtra, India in October. The company invested $55 million in the new facility. Sea-Land Chemical Co. will distribute Ulsan, South Korea-based Songwon Industrial Co.’s aminic, phenolic, phosphite and thioester antioxidants – used in the industrial lubricants, transportation lubricants and grease market segments – to customers in the United States, Canada and Mexico.