Volume 1 Issue 10
Business has been slowly cranking up over the past week in most sectors, but there is not the same intensity as there was before the Chinese New Year.-by Adrian Brown
Italmatch Chemicals Group announced last week that it has formed a lubricant additives business unit in the wake of Decembers acquisition of Elco Corp. and parent company Detrex. Officials said the new unit, named Lubricant Performance Additives, will aim to expand in terms of chemicals supplied and geographic areas served.
Clean Harbors Safety-Kleen segment and Heritage-Crystal Cleans oil business segment each reported higher revenue for the fourth quarter and full year 2017, while lubricant supplier Quaker Chemical posted a net loss for the fourth quarter and a steep decrease in net income for the full year.
NLGI aims to award up to $50,000 in research grant funds this year for high-level investigations into lubricating greases, and the deadline for qualified universities and researchers to apply is just around the corner: March 15.