Volume 7 Issue 11
Fire Breaks Out at Port-Jerome Refinery
March 12, 2024The status of base oil production at ExxonMobil’s refinery in Port-Jerome-sur-Seine, France, was unclear after a broke out at the site yesterday afternoon.
Fuchs Profits, Sales Rose in 2023
March 12, 2024Independent lubricant blender Fuchs SE reported 9% higher net profit on a 4% increase in sales revenues in 2023, as raw material markets normalized after two years of much higher raw material costs, while its net profit rose despite lower sales in the fourth quarter.
Russian Blender Makes Metal Containers
March 12, 2024Russian lubricant blender United Petrochemicals opened a line that produces metal motor oil containers designed to combat trade of counterfeit products and to meet domestic demand for premium lubricant packaging.
From Other Editions of Lube Report
March 12, 2024India, China Biggest Base Oil Importers
Briefly Noted
March 12, 2024Finland-based distributor Telko acquired several Western European industrial lubricants distribution businesses from Petrus S.A. for an undisclosed amount, consisting of shares in Optimol Tribotechnik SA, Optimol Netherlands BV, Optimol France SAS and Greenfluid SAS. The acquired businesses distribute industrial specialty and high-performance lubricants, metalworking fluids and other general industrial lubricants in France, Belgium, Luxembourg and the Netherlands.