Volume 1 Issue 28
All routes out of the United States are extremely slow right now. Asia is still slow, but a little more demand has been detected recently. Domestic European trades are moving along nicely, but the long-haul routes are floundering.-by Adrian Brown
HollyFrontier Corp. announced yesterday a deal to buy Red Giant Oil Co., an Iowa company that claims to be one of the countrys largest suppliers of locomotive engine oils.
Fuchs Petrolub SE agreed last week to buy a majority stake in a Chilean lubricant distributorship, forming a joint venture that aims to expand its sales in the South American country.
After several years of tribulation, Brazils economy is making a much-awaited recovery. An economist said recently that that recovery is of great interest to the nations lubricant market and - given its status as far the largest and most populated country in Latin America - to those of neighboring countries.
WD-40 reported net income of $16.1 million for the quarter ending May 31, up 12 percent from a year earlier, with net sales up 9 percent at $107 million.