Business

Saudi Aramco announced Jan. 18 that Houston-based Aramco Trading Americas LLC will be the sole supplier and “offtaker” of Motiva Enterprises – o ...

Liqui Moly Sales Up for 2022

January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to €799.7 million (U.S. $869 mil ...

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants segment and a 1% decrease in s ...

ExxonMobil announced yesterday that it will create a new company for its finished lubricants and chemicals business in Thailand after agreeing to sell ...

WD-40 Posts Lower Income

January 11, 2023

WD-40 Co. posted net income of $14 million for the quarter ending Nov. 30, a 25% drop from $18.5 million in the same period in 2021. Underperformance ...

Last year’s purchase of the Lubnor refinery by Grepar Participacoes will be reviewed by a Brazilian court after a judicial official advised last wee ...

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales for the quarter ending Sept. 30 ...

Your Business Is Business

January 3, 2023

In most situations, it is wise for companies to avoid taking public social and political stances. Jack Goodhue explains why.

NLGI and ELGI’s grease working groups stay busy. What are some of the latest and most pressing things on their to-do lists?

Copton Reports Lower Profits

December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in operating income for the third ...

Shell, through its subsidiary Pennzoil-Quaker State, acquired the parent company of Allied Reliability Inc., an industrial services and maintenance pr ...

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for the first nine months of this ...

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower operating profit and higher oper ...

Dussur Buys Stake in Italmatch

December 13, 2022

Saudi investment firm Dussur has agreed to buy a minority stake in Italmatch Chemicals, a growing Italy-based company that supplies esters and chemica ...

Net profit for Thai Oil’s base oil business rose 21% for the quarter ending Sept. 30. Base oil prices were steady in the quarter, the company said, ...

Shell announced that its Pennzoil-Quaker State Co. purchased a 49% interest in Blue Tide Environmental LLC, which plans to bring a Group II rerefinery ...

Oleochemical producer Oleon acquired a blending plant in Conroe, Texas, the company announced this week. Oleon’s esters are used in lubricants, incl ...

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for its lubricants and greases segm ...

Hi-Tech Lubricants Ltd. reported a steep net loss and a 27% decrease in lubricant sales for the quarter ended Sept. 30, citing the impacts of supply c ...

Office politics are inevitable. Sara Lefcourt suggests ways to best manage them.