Volume 4 Issue 45
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.
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.
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.