Volume 3 Issue 32

Stihl Fights Counterfeit Lubes in Russia

Stihl, a German agricultural equipment maker, recently started a campaign to fight entities that counterfeit its genuine machine lubricants and other products in Russia, a country where fake motor oils are often sold under popular brand names.

GP Makes Restructuring Hires

Financially troubled GP Global announced last week that it has hired a restructuring officer to oversee its quest for capital infusion along with a restructuring firm to aid that effort.

Total to Expand UK Blending Plant

Total Lubricants last week announced an expansion plan to develop and upgrade its blending plant site in Ferrybridge in the United Kingdom.

From Other Editions of Lube Report

Idemitsu Agrees to Sell Back Shell Business

U.S. Base Oil Output Tumbles in May

Recovering Fishing Vessel Waste Oil

Briefly Noted

BP’s lubricants business reported an underlying replacement cost profit before interest and tax of $63 million for the second quarter, down 80 percent from $321 million for 2019’s second quarter. The company cited the impacts of COVID-19 pandemic-related demand destruction, with lubricants volumes in Europe, North America and India 40% to 50% lower in the quarter, compared with a year earlier.  Shell and Ducati announced the three-year renewal of their engine oil first fill agreement for all Ducati motorcycles produced at its factories in Bologna, Italy and Rayong, Thailand.