Volume 2 Issue 30
Inflation and declining consumer incomes would typically encourage online purchases of lubricants, where prices are normally cheaper. But a recent study found that online transactions still account for just 5 percent of lube sales in Russia, which is afflicted by those maladies.
Croda International Plc announced last week the acquisition of Rewitec GmbH, stating it aims to help the German additive supplier to expand. The companies did not disclose the price of the transaction.
German lubricant and additive marketer Liqui Moly said problems with new software caused a sharp drop in earnings and are continuing to hamper the business.