Valvoline Inc. acquired Serbian lubricant blender Fam last week for €9.5 million (U.S. $10.7 million) in a bid to expand its presence in Eastern Europe. read more
March 12, 2019
Volume 2 Issue 11
The Lubricant Producers Association of Nigeria asked the country’s government to raise the tariff on imported finished lubricants to 50 percent to protect local blenders. Opponents contended the increase would hurt lubricants importers, noting that the current 30 percent tariff forced many companies out of the market when first implemented. read more
Total Spain signed an agreement with Peugeot Dealers to become the official recommended lubricants brand for Peugeot automobiles. Motul and the Automobile Club de l'Ouest extended an agreement to keep Motul as the official lubricant of the 24 Heures Motos, 24 Heures du Mans and the Championnat du Monde d'Endurance competitions. Lubricant manufacturer United Oil Products relocated its factory from Monmouth, South Wales, to Manchester, England.