Business

DuBois to Acquire Cimcool

March 25, 2020

Hillenbrand Inc. will sell its Cimcool metalworking fluids business to DuBois Chemicals Inc. for $224 million in cash, under an agreement announced la ...

Fuchs Q4 Profits Down

March 23, 2020

Independent lubricants blender Fuchs Petrolub SE reported €52 million (U.S. $55.5 million) in earnings after tax for the fourth quarter of 2019, acc ...

Japan Idemitsu Kosan Co. plans to sell wholly owned subsidiary Shell Lubricants Japan back to Shell as it looks for more overseas opportunities amid a ...

Canada-based distributor Parkland Fuel Corp. posted a 122 percent jump in consolidated revenue for its lubricant segment for full year 2019, thanks to ...

The economic wrecking ball that is the coronavirus went into full swing this week when it sent the price of crude oil back to 1991 and pounded stock m ...

Calumet Specialty Products Partners L.P. posted a $38.6 million net loss for the quarter ending Dec. 31, down from an $18.1 million net profit in 2018 ...

Rubis Energie received conditional approval last month from Kenya authorities for subsidiary KenolKobils acquisition of oil products marketer Gulf Ene ...

Singapores lubricant blenders United Global and AP Oil reported strong increases in net profit for 2019, and Sri Lankas Chevron Lubricants Lanka also ...

Japan exported 4.8 million motor vehicles in 2019, a marginal increase from 2018, while domestic sales for all motor vehicles dropped 1.5 percent, acc ...

Clean Harbors announced on Monday that its Safety-Kleen subsidiary and all of its waste oil collection businesses will raise prices related to collect ...

Brazils Petrobras said Tuesday that it plans to sell its fuels and lubricants business in Colombia, part of a broader plan to sell assets in order to ...

Quaker Chemical reported an increase in fourth quarter net income, but a decline for 2019. Its net sales were higher for the quarter and 2019, followi ...

Calumet Specialty Products Partners L.P. announced yesterday it had acquired Paralogics LLC, a producer of candle and industrial wax blends based in M ...

Hi-Tech Posts Quarterly Profit

February 28, 2020

Hi-Tech Lubricants Ltd. rebounded with a profit in its second quarter, as higher other income, as well as lower expenses and taxes, offset the impact ...

Base oil refiners in Asia are slashing production and looking for alternative markets amid plummeting lubricant and grease demand in China, industry i ...

Lube consumption in China dipped 1.3 percent to an estimated 7.4 million metric tons in 2019, while the value of the market remained the same at nearl ...

Ingevity Corp. announced Feb. 20 that its board of directors and D. Michael Wilson agreed he would resign as president, CEO and a director, effective ...

HollyFrontier Corp.'s lubricants and specialty products segment posted weaker income from operations for the fourth quarter and year but had stronger ...

API Group II exports from the United States will shift from Europe to South America and Africa over the next five years as the market adjusts to new p ...

Fuchs Profits Slid in 2019

February 25, 2020

Independent lubricant blender Fuchs Petrolub SE reported 228 million (U.S. $313 million) in earnings after tax for 2019, down 21 percent from 288 mill ...