Volume 6 Issue 18

Two Blending Plants Announced in Turkey

Petronobel Mineral Oils San and Tic A.S. announced plans last week to build a lubricant blending plant in an industrial zone near Istanbul. Another company, Kristal Petrokimiya, recently unveiled plans to construct a smaller blending plant north of the port city of Izmir, in western Turkey.

Custom Content in association with PENTHOL

Penthol Sets its Sights on South Africa

In little more than a year, leading base oil distributor Penthol has gained a solid foothold in South Africa and established itself as a major supplier in the region. It is now providing independent blenders and lubricant manufacturers with API Group I base oils in a market filled with potential, says Clifford Classen, sales director for Africa.

Fuchs Posts Higher Sales and Earnings

Independent lubricants blender Fuchs Petrolub SE reported a 9% increase in net profit and a 16% uptick in sales revenues for the first quarter, compared to the same period last year, driven by adjustments in prices. The Mannheim, Germany-based company recorded earnings after tax of €73 million for the quarter ended March 31, improving from €67 million.

Germany Lube Demand Declined in February

Domestic lubricant demand in Germany declined 8% to 51,416 tons in February, with steep decreases occuring in metalworking oils, machine oils, hydraulic fluids and turbine oils, according to data released April 27 by a government agency. All metalworking oils category segments showed declines of at least 48% year to year.

From Other Editions of Lube Report

Slower Electric Vehicle Uptake Predicted for Asia

Japan Lube Sales Jumped in March

Forecast: Wind Energy to Use More Gear Oils

Briefly Noted

The European Automobile Manufacturers Association reported that new registrations of all categories of commercial vehicles increased during the first quarter, compared to the same period of 2022 – 8% to 355,553 units for vans, 19% to 86,455 for trucks and 16% to 7,309 for heavy buses.