Volume 2 Issue 38
The United States market feels quieter this week. Nothing much has changed in Europe, but in Asia prompt space has tightened, probably as a result of consecutive typhoons and all the associated delays.-by Adrian Brown
A market research firm projects Russias motor oil demand to grow at a compound annual rate of 1.6 percent from 811,000 tons in the July 2017 to July 2018 period to almost 878,000 tons by the July 2022 to July 2023 period, boosted by increased demand for passenger cars and buses.
Timken Co. reached an agreement to acquire Pegnitz, Germany-based automatic lubrication system supplier Beka Lubrication for approximately $165 million, the company announced this week.
Evonik has expanded its capacity to produce C13 alcohol isotridecanol at its Marl, Germany, chemical complex. The chemical is used to make surfactants that can be used in lubricants and metalworking additives.