Volume 1 Issue 40
SSY Base Oil Shipping Report
September 26, 2018The volume of trade around the globe remains disappointingly slow, with none of the main trading areas in the Americas, Asia or Europe faring particularly well at the moment.-by Adrian Brown
Opinions Mixed About Amazons Entry
September 26, 2018E-commerce giant Amazon quietly entered the lubricants market this summer with its own brand of engine oils. Industry insiders disagree about how much noise the company will make.
Pursuing Growth in a Flat Lubes Market
September 26, 2018Although North Americas flat industrial lubricants market makes organic growth challenging, companies can still find other ways to grow, an industry insider advised at a conference in Chicago last week.
Univar Acquires Nexeo
September 26, 2018Univar Inc. agreed last week to acquire Nexeo Solutions Inc. in a $2 billion deal uniting giant global chemical distributors that supply wide varieties of ingredients to the lubricants industry. The transaction is expected to close during the first half of 2019.
From Other Editions of Lube Report
September 26, 2018Briefly Noted
September 26, 2018Petronas Lubricants International opened the regions largest fluid technology development facility at its blending plant in Minas Gerais, Brazil, the company announced last week. The 26,000 square foot Research and Technology Center cost $8 million. Birmingham, Alabama-based McPherson Oil acquired certain assets of Retif Oil & Fuel, including the companys lubricants segment, to extend its distribution reach of ExxonMobil products to parts of Louisiana, Arkansas, Alabama and Florida.