Shell Lubricants and Comercial Importadora, S. de R.L. de C.V. – known as CISA – recently announced a new joint venture partnership in Mexico that includes investments in existing facilities, increased lubricant production capacity, new marketing capabilities and local workforce training and development.
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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.
Chemical manufacturer Saudi Basic Industries Corp., a 24.99 percent stakeholder in Clariant AG, said the two companies will temporarily defer discussions on a possible merger of Clariant’s additives and masterbatch areas into SABIC’s specialties business.
Tensile Capital Management LLC formed a joint venture with Vertex Energy Inc., agreeing to inject capital that will accelerate development of Vertex’s Columbus, Ohio, rerefinery and help fund a pilot program at an idled site in Belle Chase, Louisiana.
Independent lubricants blender Fuchs Petrolub SE posted decreased profit and sales, and BP’s lubricants business reported a slight decline in profit for the second quarter, compared to 2018’s second quarter.
Four automakers reached an agreement last week with California on a voluntary framework for annual emissions reductions that would speed the transition to electric vehicles. The state’s deal with Ford, Honda, BMW of North America and Volkswagen Group of America sets a framework, designed to serve as an alternative path forward for clean vehicle standards nationwide.
German lubricant and additive marketer Liqui Moly said problems with new software caused a sharp drop in earnings and are continuing to hamper the business.
Starting in January, tractor hydraulic fluids sold in the United States that do not meet current specifications will need to be clearly labeled as “obsolete” and accompanied by an explanatory warning on their package fronts, following handbook amendments adopted last week by the U.S. National Conference on Weights and Measures.
Hillenbrand Inc. will acquire Milacron Holdings Corp. in a cash and stock transaction valued at $2 billion and expected to close in 2020’s first quarter, the companies announced last Friday. Milacron’s Fluid Technologies segment supplies metalworking and industrial fluids.
Evonik announced on Monday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including plants in Singapore and China.
Evonik announced yesterday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including three plants in Europe.
WD-40 posted net income of $18.1 million for the quarter ending May 31, up more than 12 percent from a year earlier, with net sales up 6.5 percent at $114 million.
Evonik announced on Monday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including three plants in North America.
Milacron Holdings Corp. may be considering a sale of its Cimcool fluid technology unit, which makes metalworking fluids, Bloomberg reported on June 28.
The average age of light vehicles in the United States rose more than 10 percent, from 10.6 years in 2010 to 11.7 years in 2018, and is projected to edge up to 11.8 years in 2019, according to data in the latest report jointly published by Automotive Care Association and the Automotive Aftermarket Suppliers Association.
Vehicle sales across Southeast Asia’s big three markets – Malaysia, Indonesia and Thailand – are projected to cross 3.9 million units combined by 2025, according to an analysis by Frost & Sullivan. The study cited factors such as robust economic growth, high population and low car parc.