Volume 3 Issue 6
Base oil trade through the U.S. border city of Brownsville, Texas, is booming, thanks to growing demand in Mexico and a lack of supply base in that country. Lube Report visited a terminal for an up close view.
NewMarkets Afton Chemical reported lower operating profit in the fourth quarter but stronger full-year results, while Valvoline posted increases in sales and operating income for its fiscal quarter ending Dec. 31.
Vehicle sales for last year were up in Brazil and Colombia but down in Mexico, Argentina and Chile, according to data from a variety of automotive associations and agencies. The five countries have the largest national fleets among Latin American countries.