Fuchs reported 2.3 billion in sales revenue for 2016, a 9 percent increase. Sales in Europe increased 15.5 percent to 1.4 billion. The independent lubricants blender enjoyed a more modest increase of revenue in the Asia-Pacific and Africa region, where revenue hopped to 620 million, up 6.3 percent. In North and South America, however, Fuchs took a minor sales hit, dropping 1.2 percent to 349 million, from 353 million in 2015. Fuchs noted that 9 percent of the growth in sales revenue can be attributed to acquisitions.

Mooves net revenue declined 2.5 percent to 452 million Brazilian reais ($145.7 million) in the fourth quarter, which Cosan attribute in its earnings news release to a lower exchange rate. For the full year, the company reported a 7.5 percent increase in net revenue to 1.9 billion reais.

Though Brazils overall lubricants sales volume increased 3.4 percent in the fourth quarter, Mooves sales volume flourished, growing 6.3 percent to 81,000 cubic meters, which the company said reflected the strategy of increasing its customer base and market share among automakers in Brazil. In 2016 Brazils lubricant market saw a 5.2 decrease in sales volume, Cosan said, but Moove enjoyed a 3.9 percent increase, placing its sales volume at 329,000 cubic meters.

Sao Paulo, Brazil-based Cosan, a producer of sugar and ethanol products since 1936, expanded through acquisitions beginning in 2008 to become a distributor of fuels and lubricants.

Novvi, a joint venture between Cosan and U.S. research firm Amyris, develops renewable synthetic base oil from sugarcane.