Volume 4 Issue 31
Poland's Lotos to Add Group II, III
August 3, 2021Lotos Group will spend 1.4 billion Poland zloty on investment projects in 2021, one of which includes modernization of its base oil plant in Gdansk, Poland, the company said recently. Construction is expected to begin later this year.
Fuchs Reports Higher Profits
August 3, 2021Independent lubricants blender Fuchs Petrolub SE reported large increases in profit and sales for the second quarter, compared to results in 2020’s second quarter, reflecting rebounds in business since the deepest economic impacts of the COVID-19 pandemic last year.
South African Container Maker Sold
August 3, 2021Austria-based Alpla Group, a global plastic packaging and recycling specialist, acquired last month the lubricants division of South African packaging manufacturer Verigreen. Terms were not disclosed. Verigreen, which specializes in bottles and canisters for lubes, operates plants in South Africa and Egypt.
From Other Editions of Lube Report
August 3, 2021Auto Complex to Include Lube Plant
Briefly Noted
August 3, 2021JT Autos will distribute CDN Oil and Lubricants’ engine oil and other lubricants in Nigeria’s Plateau state under a recently announced partnership agreement. Plateau is located in the north central region of the African country.