Business

PSP Reports Higher Profits

December 29, 2023

Thai independent lubricant manufacturer P.S.P. Specialties Public Co. reported a 24% jump in net profit despite a 7% decrease in sales revenue for the ...

United Kingdom-based Millers Oil Ltd., manufacturer and independent blender of oils and lubricants, reported a 21% decline in net profit despite a 9% ...

Chinese lubricant marketer Lopal Tech Co. reported that increases in the average selling prices by its lubricants segment allowed the unit to overcome ...

Saudi Aramco signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. – a diversified downstream fuels, lubricants ...

In a move to diversify, NewMarket Corp., the parent company of lubricant additive supplier Afton Chemical, agreed to buy American Pacific Corp., a pro ...

South Korea’s GS Caltex reported a 52% third quarter drop in operating profit for its lubricants and base oils business, noting a decline in the spr ...

Terpel Reports Higher Profits

December 13, 2023

Colombian oil and gas company Terpel reported increases in gross profit for its lubricants segment in Colombia and Peru – its two primary geographic ...

Blender Hi-Tech Lubricants reported strong rebounds in net profit and operating profit for its lubricants segment in the quarter ended Sept. 30, while ...

Sara Lefcourt gives some pointers about how to conduct a successful and efficient stewardship process.

Crude oil price volatility, inflation and global uncertainties were among the factors cited by India lubricant companies for the quarter ended Sept. 3 ...

Lubrizol’s pre-tax earnings declined 41% in the third quarter, compared to the same period last year, when earnings were impacted by insurance recov ...

Exol Earnings Fell in 2022

November 28, 2023

United Kingdom-based blender Exol Lubricants Ltd. reported a 12% decline in net profit on a 25% rise in sales for full-year 2022, as price hikes led t ...

MJL Bangladesh and Eastern Lubricants Blenders reported large improvements in sales and profits for the quarter ended Sept. 30, though Eastern still r ...

Canadian quick lube service business Mr. Lube + Tires reported an 18% increase in sales revenue and slightly higher same-store sales growth for the th ...

Malaysian conglomerate Sime Darby Berhard received shareholder approval yesterday for its proposal to acquire majority ownership of another Malaysian ...

Profits and sales for the quarter ended Sept. 30 surged for Japanese metalworking fluids and industrial fluids manufacturer Yushiro Chemical, as the i ...

Petrochemical manufacturer Trecora LLC announced last week that it has acquired the lubricant additives business of Chemtrade, which it called a leadi ...

Valvoline reported higher operating income and sales, and Calumet reported a large increase in net income, while Cosan’s Moove had lower net profit ...

Among Nigerian blenders, Conoil reported a steep decline in gross profit on lower sales for its lubricants segment, while MRS Oil’s lubricants segme ...

Thai Oil Group’s base oil business suffered steep declines in net profit and sales revenue for the third quarter due in part to shrinking profit mar ...