Business

Solid 2014 for Fuchs

February 25, 2015

Independent blender Fuchs Petrolub AG posted earnings of 220 million (U.S. $250.8 million) for 2014, up 6.4 percent from 218.6 million in 2013. Sales ...

LONDON – Base oil producers head into 2015 facing a fundamental change in their economics, according to Valentina Serra-Holm, market director fo ...

Third-quarter profits for Balmer Lawries grease and lubricants segment fell 35 percent year-over-year, while Savitas petroleum products division also ...

Tianhe Opens India R&D Center

February 24, 2015

Tianhe Chemicals will soon open a 20,000 square meter research and development center outside Bengaluru, India - a facility that it claims will be the ...

It is hardly news that global base oil production is shifting, as API Group I facilities are decommissioned or upgraded while Group II and III capacit ...

The Indian grease market is the worlds third-largest and is growing approximately 2 percent per year, according to an analyst. One industry insider sa ...

Tide Water Oil Co., Sah Petroleums and Apar Industries Ltd.s oils segment all reported significant drops in profitability for the quarter ended Dec. 3 ...

Industry Calendar

February 15, 2015

MARCH 10-12. SAIT Tribology 2015 11th International Tribology Conference University of Pretoria Conference Centre, Pretoria, South Africa secretary@sa ...

SK Lubricants’ Profits Up

February 11, 2015

SK Lubricants posted a fourth-quarter operating profit of 71.4 billion South Korean won (U.S. $65 million), up 26.4 percent from 56.5 billion won in 2 ...

Russian automotive lubricants consumption is poised to grow around 3 percent annually, reaching as much as 563,000 tons in 2020, a study by consultanc ...

Southeast Asian sales and production of automobiles, motorcycles and scooters dropped as much as 10 percent in 2014, and Indonesia overtook Thailand a ...

SK and Gulf Both Report Gains

February 10, 2015

South Koreas SK Lubricants revenue rose marginally in 2014, but its operating profit shot up dramatically from 2013. Indias Gulf Oil Lubricants also m ...

Best Practices

February 5, 2015

Sara Lefcourt reminds us that sometimes you need to see a customer quickly, sometimes more deliberately.

4Q Earnings Round-up

February 4, 2015

Afton Chemical, S-Oils base oil segment and BPs lubricant business all reported fourth quarter profits that were higher than the same period in 2013. ...

RelaDyne Continues Growth

February 4, 2015

RelaDyne acquired lubricant distributors in Oklahoma and Indiana and recently secured $75 million in financing to support its continued growth. One of ...

Automobile production in Japan increased 1.5 percent in 2014, as stronger domestic sales offset a significant drop in exports, the Japanese Automobile ...

S-Oil Ups Profit in 2014

February 3, 2015

S-Oils base oil business posted operating income of 258 billion won (U.S. $234 million) for 2014, a 66 percent surge from 2013.

Profits Up for Valvoline

January 28, 2015

Ashlands Valvoline segment reported operating income of $83 million during the quarter ended Dec. 31, 2014, up 10.7 percent from the same period a yea ...

Spectro Scientific announced yesterday that it has acquired fellow industrial fluids analysis and condition monitoring company, On-Site Analysis. Spec ...

Hanjin Sells S-Oil Stake

January 27, 2015

Hanjin Energy last week wrapped up the sale of its 28.4 percent stake in S-Oil Corp. to Saudi Aramco for 1.98 trillion won (U.S. $1.83 billion).