Business

Afton Posts Mixed Results

February 8, 2012

Afton Chemical reported an increase in revenue and a decline in operating profit for the quarter ending Dec. 31, 2011, compared to the year-earlier pe ...

Profits Up for SK, S-Oil

February 8, 2012

South Korean base oil refiners SK Lubricants and S-Oil reported strong increases in operating income and revenues for the quarter ending Dec. 31, comp ...

Eastman Selects Solutia

February 1, 2012

Eastman Chemical Company will acquire Solutia Inc., which makes hydraulic fluids, for $4.7 billion, both companies announced Jan. 27. The acquisition ...

OSTFILDERN, Germany – European lubricant blenders have long benefited from the regions surplus of base oils. Not only has the excess supply made ...

Lubricant blender Valvoline posted $47 million operating income for the three months ending Dec. 31, down almost 30 percent from $67 million in the ye ...

Avista Oil AG of Germany acquired a majority stake in Universal Environmental Services, which is building a new rerefinery in Georgia. Terms were not ...

Greenbriar Equity Group acquired lubricants distributor PetroChoice from private equity firm KRG Capital Partners. Terms were not disclosed. Riddlesb ...

Big problems in food production and safety equal big opportunity for the supplier of food-grade lubricants, a Chemtura grease official said during a r ...

Calumet Specialty Products Partners last week completed its acquisitions of blender and distributor TruSouth Oil and Ashland subsidiary Hercules synth ...

WD-40 Posts Mixed Results

January 11, 2012

WD-40 Co.s net income reached $6.8 million for the quarter ending Nov. 30, down 25 percent from the prior year period, while net sales were up 5 perce ...

The Whitmore Manufacturing Co. named Jeff Kilpatrick president and chief executive officer effective Jan. 3, the companys third in three years. Kilpa ...

Advantages and disadvantages abound in Argentina. It is one of the G-20 economies, with an average income classified as “upper-middle.” It ...

Global lubricant blenders today demand base oil flexibility to minimize risk and maximize value, two Valvoline executives said. Ashland Consumer Mark ...

Lube Demand Grows in Russia

January 4, 2012

Driven by increased sales of foreign branded cars and consumption of higher-quality lubricants, Russias demand for light-vehicle lubricants grew 1.6 p ...

For the quarter ending Dec. 31, lubricant blender Valvoline posted increased sales but a slight decline in operating income, while SK Lubricants repor ...

Quaker Chemical acquired specialty grease manufacturer Summit Lubricants for $30 million effective Dec. 31. The purchase price approximates Summits a ...

Paulsboro Transferred to PBF

December 22, 2010

PBF Holding on Friday completed its acquisition of Valero Energys Paulsboro, N.J., refinery, including its base oil plant, in a $707 million deal that ...

Q3 Strong for Calumet, Fuchs

November 10, 2010

Calumet Specialty Products Partners net income for the third quarter grew substantially, compared to the year earlier quarter. For the first nine mont ...

Ashlands Valvoline division reported higher sales but a drop in operating income for the quarter ending Sept. 30, while SK Lubricants and Quaker Chemi ...

PBF Holding Co. said Monday it will acquire Valero Energys Paulsboro, N.J., refinery, including its base oil plant, for $360 million plus the value of ...