WD-40 Co. reported net income of $12.2 million for the quarter ending Nov. 30, down 8.3 percent from $13.3 million in the same period a year earlier.
LNG Publishing Company
Senior Editor, Lube Report
Office: +1 (703) 536-0800
George Gill is Lube Report senior editor, joining LNG in 2006. He is responsible for weekly production of the firm’s popular newsletter; he reports and writes news articles and edits stories and columns. He also contributes feature articles for the firm’s monthly magazines.
Prior to LNG, Gill was business editor at the Loudoun Times-Mirror, a weekly newspaper in Leesburg, Va. He wrote business features and news articles, and oversaw production of the newspaper’s business section. Gill holds a BA in English from George Mason University.
ExxonMobil is completing an expansion of its Port Allen lubricant blending plant in Baton Rouge, Louisiana.
Asia made some more splash in the global base oil market in 2019, while also asserting some control in the area of lubricant standards.
Although China was the world’s second-largest lubricant market in 2018, it is expected to shrink by a compound annual rate of 0.3 percent out to 2023, according to a Kline & Co. study.
Seventy-two percent of waste oil generated in Spain in 2018 was refined into base stocks, according to a recent annual progress report by Sigaus, a non-profit organization that manages the country’s recycling of used lubricants.
From the long-awaited adoption of ILSAC GF-6 to a crackdown on 303 hydraulic fluids to mergers and acquisitions, 2019 was a busy year in the Americas for events affecting the framework of the lubes industry.
Shell Lubricants acquired the assets of American Chemical Technologies Inc., which manufactures and distributes industrial fluids that are based on polyalkylene glycol chemistries, the company announced last week. Terms were not disclosed.
U.S. demand volume for industrial oils and fluids is forecast to decrease by a compound annual rate of 0.3 percent out to 2023, but demand is rising for synthetic lubes and products used in select industry sectors, according to a Kline & Co. study.
MFG Chemical last week announced completion of an upgrade of its pilot plant in Dalton, Georgia, and plans for a second pilot reactor. The pilot plant makes small quantities of specialty chemicals used in lubricants, such as esters, surfactants and sulfonate and phosphate derivatives.
Lanxess acquired Itibanyl Produtos Especiais Ltda., a leading Brazilian manufacturer of biocides, including some used in metalworking fluids and lubricants. The purchase price was not disclosed for the deal, which was announced Dec. 2.
Canada-based distributor Parkland Fuel Corp. reported 95 million Canadian dollars (U.S. $71.4 million) in revenue for its lubricants segment for the three months ending Sept. 30 – boosted by revenue from distributor acquisitions last year and this year – up 102 percent from CA$47 million in 2018’s third quarter.
Aerospace Lubricants is nearing completion on an expansion to add 10 million pounds of grease production capacity at its plant in Columbus, Ohio, to help increase its product offerings and to open up sales into the industrial, automotive and private label grease market segments.
Get Spiffy Inc. acquired Your Location Lubrication, adding a high-volume oil change system to its fleet management service offering and uniting two companies that perform oil changes and other maintenance services on-site. Terms were not disclosed.
Perstorp began construction of a world-scale pentaerythritol production plant in Gujarat, India, in October, to improve its ability to meet demand for the chemical – used in synthetic lubricants, antioxidants and coatings – especially in Asian markets.
The Fuchs Group acquired Zimmark Inc., a Canadian company offering services in the lubricants and chemicals process management space, effective Nov. 1. Terms were not disclosed.