Volume 3 Issue 39

Seeking New Business During a Pandemic

Advice for lubricant manufacturers weathering the COVID-19 storm continues to point toward finding new sources of revenue. During a Sept. 16 webinar organized by the Independent Lubricant Manufacturers Association, agriculture and power sports came to the forefront as potential opportunities.

Disruptions Lead to Shorter Supply Chains

The coronavirus pandemic is leading many business to shorten supply chains in response to difficulties obtaining materials sourced from distant places, a speaker at an industry forum said last week.

Brazil Court Orders Halt to Refineries Sale

Brazil’s top court ordered a temporary halt this week to efforts to divest eight refineries owned by national oil company Petrobras, while it considers a request by legislators to block the sales.

From Other Editions of Lube Report

Neste Divests Stake in Nynas

France Market Makes Strong Rebound

Valvoline’s China Blending Plant Completed

Briefly Noted

Chevron announced to its customers a general price increase of up to 12% on all lubricating oils and greases, effective Oct. 26.  Argentina’s YPF and Swedish commercial truck manufacturer Scania extended their alliance until June 2021. Under the alliance, Scania Argentina will continue to use and recommend YPF’s Extravida lubricants and other products in its network of dealers in Argentina.  Biosynthetic Technologies announced that Jeff Mackey leads new product development initiatives for the company’s metalworking fluid product line.