Volume 6 Issue 35
Japanese specialty lubricant manufacturer Moresco Corp. expanded its die casting lubricant market and production capabilities with the acquisition of Michigan-based Cross Technologies Group for an estimated $8.8 million. Cross currently supplies raw materials for Moresco.
To help reduce potential for environmental contamination, an Argentinian waste management company launched a used lubricant collection and treatment program three years ago. Quimiguay now operates two rerefineries in the northern part of the country. Institutional Relations Manager Facunda Sassone discussed the program in a recent interview.
Colombian oil and gas company Terpel reported hefty increases in gross profit for its lubricants segment in Colombia and Peru, its two major geographical markets, attributing the improvements in part to price increases it instituted and improvements in the logistics situation for obtaining raw materials.