Volume 4 Issue 45

Calumet Posts Earnings Turnaround

Calumet Specialty Products Partners L.P. reported much improved earnings for the quarter ending Sept. 30, showing signs of emerging from COVID-19 pandemic-related challenges and supported by record specialty product margins. Meanwhile, Valvoline’s operating income and sales from its three segments increased year over year, and Quaker Chemical reported record net income and higher sales for the quarter.

Troy to Merge with Arxada

Metalworking fluid biocides producer Troy and Arxada, a lubricants and biocides manufacturer, will merge their businesses, expanding the manufacturing and product portfolios of both businesses, the companies announced last week. Troy supplies biocides, defoamers, and microbial contamination test kits for use in aqueous-based and water-dilutable metalworking fluids, coolants and lubricants.

Brazil Auto Sales, Production Drop in October

Passenger car registrations and automotive production in Brazil both dropped in October to the lowest levels for the month in five years, according to data released by Brazil’s automobile manufacturers association. Although some manufacturers’ factories returned to operation, limitations on the availability of electronic components had an impact on production.

From Other Editions of Lube Report

EVs Forecast to Cut Engine Oil Demand

Castrol Slipped in Third Quarter

Indian Oil to Make Maleic Anhydride

Briefly Noted

Buffalo, New York-based Columbus McKinnon Corp. — a designer, manufacturer and marketer of intelligent motion solutions for material handling — announced on Nov. 4 an agreement to acquire accumulation and conveyor systems company Garvey Corp. for $74 million.  Headquartered in Hammonton, New Jersey, Garvey’s products include an automatic dry lubrication system for its accumulators and conveyors.