Shell intends to increase the production capacity of its 180,000 tons per year blending plant in Torzhok by 50 percent by 2023, a company official said last week, according to Russian media reports.

The current economic downturn should cause a setback for demand of lubricants used in wind turbines, but the industry should still offer good profits in the longer term, thanks in part to resilient markets such as Germany and Spain, according to an industry consultant.

As pandemic lockdowns eased across Europe, the European Union’s carmakers enjoyed an uptick in registrations of new passenger cars in June, according to monthly figures released recently by the European Automobile Manufacturers’ Association.