Moresco Corp. reported an 11% increase in sales revenue for its specialty lubricants segment and a 4% decline in sales for its synthetic lubricants segment for the six-month period ended Aug. 31. Specialty products experiencing demand recovery in Japan included pump oils, hydraulic fluids and cutting fluids.
The company’s fiscal year goes from March through February. Moresco’s combined specialty and synthetic lubricant sales of ¥8 billion (U.S. $54 million) accounted for 55% of the company’s external sales for the six months ended in August.
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For the six-month period, specialty lubricant sales were up at ¥7.1 billion, compared to ¥6.3 billion. For the second fiscal quarter, such sales were also 11% higher at ¥3.6 billion, compared to ¥3.3 billion in the year-earlier period.