June 6, 2018
Volume 1 Issue 23
More U.S. Finished Lube Price Hikes
ExxonMobil, Cam2 International and Smittys Supply each notified customers of upcoming general price increases on finished lubricants taking effect in mid-June and early July. Factors cited included increased costs for base oil, additives and freight. ExxonMobil will raise prices by up to 9 percent effective July 1, Cam 2 will increase prices by 4 to 9 percent effective June 16, and Smittys Supply will raise prices by 4 to 9 percent effective June 16.
Canadian specialty chemical distributor Chemroy recently signed a distribution agreement with BASF, allowing the Ontario-based company to manage the global lubricant suppliers portfolio of base oils, surfactants and additives throughout Canada. Authentix named Kevin McKenna as its new president and CEO, succeeding Bernard Bailey, who will remain as chairman of the board. The Addison, Texas-based company provides end-to-end authentication solutions to help safeguard customers lubes and other refined products.