Home April 17, 2018

April 17, 2018

Volume 1 Issue 16

Anti-import Policy Aids Russian Marketers

In 2014, confronted with economic sanctions imposed by Western nations, Russias government adopted a policy that encouraged Russian companies to replace imports with products made domestically. Four years later, analysts say the policy has helped domestic lubricant producers gain market share at the expense of importers.

Nigerian Generators Gulp Lubes

Nigerias inadequate electricity grid has driven countless businesses and households there to run portable generators, which are expected to remain a large source of demand for lubricant suppliers in the coming years.

GP Buys Stake in Mag

GP Global has acquired a majority stake in United Arab Emirates based Mag Lube in a deal that values the company at close to U.S. $75 million, GP announced in an April 11 press statement. Formerly known as Gulf Petrochem Group, GP will gain access to Mag Lubes business in more than 40 countries spanning the Middle East, Africa and Asia.

Briefly Noted

Denmark-based HansJensen Lubricators, supplier of cylinder lubrication systems for two-stroke marine and power plant applications, acquired a majority stake in Danish research and development firm Adnox A/S. Adnox developed and patented a catalytic converter-based system, which uses diesel oil to convert nitrogen compounds formed in diesel engines into water and nitrogen. Germany-based chemical company Oxea appointed Lars Eric Johansson as its new senior vice president of strategic alliances. He will focus on strategic partnerships, collaborations and joint ventures in key market segments.

Base Oil Reports

purple world americas

SSY Base Oil Shipping Report

The markets in the United States and Europe have not shaken off the lethargy of the Easter holidays, while markets in Asia have been reporting lower levels of demand for several weeks already. -by Adrian Brown
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