Volume 1 Issue 30
There has been a tiny improvement in cargo volumes out of the United States this week, Asian markets are mostly unchanged, and Europe is now starting to slow down.-by Adrian Brown
Global consumption of original equipment manufacturer genuine engine oil is projected to increase at a compound annual rate of 4 percent through 2022, consultancy Kline & Co. predicted, with strong growth in North America due to shifts in vehicle ownership models and consumer behavior.
The automobile and lubricant industries spend lots of time and money developing new specifications for automotive engine oils, but countless vehicles around the world still run on oils qualified against older specs.
Lanxess Corp. said sales revenue from its Additives business are rising since its acquisition of Chemtura in the spring of 2017, the company said in a recent press release.