Market Topics

WD-40 Earnings Rise

July 9, 2008

WD-40 Co. on July 2 said its net sales for the third quarter, ending May 31, totaled $82.1 million, up 5.8 percent from 2007s third quarter. Net incom ...

Nynas Naphthenics said it plans to increase storage capacity at its hub in Antwerp, Belgium by 20 percent in response to increased demand for tire oil ...

Kobil Zambia has acquired from Total Zambia Ltd. a 15 percent share of Lublend Ltd., a lubricants blending plant in Ndola, in the Copperbelt region of ...

KUALA LUMPUR, Malaysia – Asia is the largest consumer of lubricants in the world, gobbling more than 35 percent of global demand last year, up f ...

Evergreen Oil plans to build a new base oil rerefining plant with 800 barrels per day of API Group II capacity in southern Californias Imperial Valley ...

The frenzied U.S. base oil arena was again riddled with price hikes this week, but this time the increases were substantially higher than seen in the ...

BASF last week announced it will raise prices in some regions for polyetheramines used in additives, and PMC Biogenix on Monday said it would increase ...

Master Chemical Corp. has opened Master Chemical Fluid Solutions Philippines Inc. in metro Manila, Philippines, hoping to service a growing manufactur ...

SK Claims a First

July 2, 2008

KUALA LUMPUR, Malaysia – SK Energy Co. said its Yubase Plus API Group III base oils, from its joint-venture refinery in Dumai, Indonesia, are th ...

Graceland will get a new neighbor this summer when Alderox Inc., a California-based manufacturer and marketer of non-stick release agents and lubrican ...

Graham Packaging Co. will go public through a proposed $3.2 billion transaction involving Hicks Acquisition Co., a special purpose acquisition company ...

The Independent Lubricant Manufacturers Association last week asked the Federal Trade Commission to include price squeeze – a major oil companys ...

A wave of price hike announcements issued by ConocoPhillips, Sunoco and Valero rolled through the U.S. base oil market during the past week, outlining ...

ExxonMobil Petroleum and Chemicals has selected G.A. Lindberg ChemTech to distribute its lubricants in Sweden, Lindberg parent company Indutrade annou ...

Albemarle, Arch Chemicals, Troy, Pilot Chemical and CECA have announced price increases on a variety of chemical products. Albemarles antioxidants are ...

What seemed a slam-dunk merger between chemical companies Huntsman and Hexion, an affiliate of Apollo Management L.P., has instead turned into an air ...

Two years after it closed, a subsidiary of Nigerias national oil company is intensifying efforts to restart a refinery that includes the countrys only ...

Citgo, Flint Hills Resources, Chevron, Calumet and SK joined the growing list of producers that issued price announcements in the week ending June 11. ...

Oxea on Friday said it signed a memorandum of understanding with Chinese company Shenyang Zhangming Chemical in Zhangyizhan, Shenyang, to form a joint ...

Neste Oil Corp., Bahrains Oil and Gas Holding Co. and the Bahrain Petroleum Co. on Monday outlined plans to establish a joint venture, Bahrain Base Oi ...