Volume 1 Issue 8
Business has been reasonably active across the majority of U.S. trade lanes this week. Several European routes enjoyed a busy week, but others were left dangling. Asia was quiet due to the holidays.-by Adrian Brown
The Freedonia Group and Kline and Co. agree about the biggest factors that will affect automotive lubricant markets in the Americas in coming years, but they disagree about the impact those factors will have. Freedonia forecasts that consumption will decrease from 6.35 million tons in 2016 to 6.3 million tons in 2021, while Kline predicts an increase from 6.7 million tons in 2017 to 6.9 million tons in 2021.
Pack Logix Inc. announced Monday that it acquired the Spectrum Lubricants Corp. packaging plant in Waukesha, Wisconsin, from Phillips 66. Financial terms of the agreement were not disclosed.
Cincinnati-based Milacron Holding Corp.s Fluid Technologies segment posted operating earnings of $5.9 million for the fourth quarter, up 40.5 percent from $4.2 million in 2016s fourth quarter.
Although oil is expected to remain the top energy source in the Americas out to 2040, there will be gains by natural gas and renewables, some of which will about double from small bases, according to the 2018 edition of ExxonMobils global energy outlook.