Efforts to improve fuel economy and reduce emissions will continue pushing United States engine oils towards lower viscosities while gradually stimulating demand for API Group III base oil, an industry insider said at a conference held in Des Moines, Iowa, late last month.
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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.
Two-wheeler owners, maintenance service providers and lubricant retailers across seven Asian countries described themselves as very aware of lube brand and indicated they look mainly to oil distributor representatives and local mechanics for information about brand, according to research conducted by consultancy Kline & Co.
Companies seeking to expand overseas should tailor marketing messages and product offerings to specific countries and work closely with local distributors, an industry insider asserted at a conference held late last month in Des Moines, Iowa.
A dearth of truck drivers, mandated technology that restricts drivers’ time flexibility and emerging technologies such as autonomous trucks are some of the key challenges impacting the trucking industry, an insider told a conference in Des Moines, Iowa.
The Latin and South American regions are expected to experience slow, gradual growth in demand for multigrade and lighter engine oils in the coming years, stimulating imports of API Group II and III base oils, an industry analyst told a conference last week.
George Gill points the finger at the culprit of marine main engine failure.
Sales by automotive oil change and lubrication shops in the United States are projected to grow by a compound annual rate of 4 percent from $6.1 billion in 2017 to $7.1 billion in 2021, according to a report jointly published by the Auto Care Association and the Automotive Aftermarket Suppliers Association.
Independent lubricants blender Fuchs Petrolub SE increased profits and sales, and BP’s lubricants business reported a decline in profit for the second quarter, compared to 2017’s second quarter.
Marine mutual insurer Swedish Club found in a report on main engine damage that lubrication failure was the most expensive and most frequent cause of damage on vessels during the 2015-2017 period.
The Federal Trade Commission rejected recycled oil rule changes suggested by rerefiner Avista Oil – to specify that base oil produced through rerefining is of equal or better quality than virgin base oil – and by the American Petroleum Institute, which sought more precise definitions for recycled oil and related manufacturing and marketing terms.
Lubricant additives supplier SBZ Corp. opened a manufacturing facility and laboratory in Wickford, United Kingdom, to accommodate growing demand from blenders doing business in international markets.
Global consumption of original equipment manufacturer genuine engine oil is projected to increase at a compound annual rate of 4 percent through 2022, consultancy Kline & Co. predicted, with strong growth in North America due to shifts in vehicle ownership models and consumer behavior.
The 50 largest fast lube chains in the United States operated 2 percent fewer facilities than last year, according to National Oil & Lube News’ 2018 Tops in the Industry Rankings, released on Monday.
WD-40 reported net income of $16.1 million for the quarter ending May 31, up 12 percent from a year earlier, with net sales up 9 percent at $107 million.
Aztec Oils has completed several acquisitions the past few years and now is trying to continue growing with a £1.2 million (U.S. $1.6 million) development project to increase storage capacity at its main Bolsover site in central England.