Business

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.

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quarter ended Sept. 30, compared to ...

A volatile business environment – including impacts from weather, reduced demand from agribusiness and depreciation of the Indian rupee – hampered ...

Clean Harbors’ Safety-Kleen segment continued its run of rising revenues with another strong quarter for the quarter ending Sept. 30, while Vertex E ...

Price hikes were insufficient to make up for sharp increases in raw material prices and distribution costs in the quarter ending Sept. 30, Japan’s Y ...

Profits Up for Valvoline

November 16, 2022

Valvoline’s new business model – following the August announcement of the sale of its lubes unit to Saudi Aramco – kept positive momentum in sal ...

Greif Acquires Lee Container

November 16, 2022

Industrial packaging supplier Greif Inc. said last week that it has reached a $300 million deal to acquire Lee Container Corp., a producer of blow-mol ...

Among South Korean base oil refiners, SK Lubricants reported a slight increase in operating profit for the third quarter, noting that lower costs and ...

HF Sinclair’s lubricants and specialty product segment reported a $5 million loss from operations in the third quarter and Quaker Chemical’s net i ...