Volume 3 Issue 3
A new engine oil standard that takes effect in Mexico in mid-2020 should help promote fair competition in the country's lubricants industry, an industry insider said.
Brazilian state-run oil company Petrobras is developing a plan to increase lubricant production at its Comperj refinery in the state of Rio de Janeiro, a spokesperson told Lube Report.
Specialty chemicals manufacturer Vertellus acquired Denham Springs, Louisiana-based Bercen Chemicals, a lubricant additives and alkyl succinic anhydrides manufacturer, the company announced last month.
WD-40 Co. reported net income of $12.2 million for the quarter ending Nov. 30, down 8.3 percent from $13.3 million in the same period a year earlier.