Lubrizol
The Lubrizol Additives segment reported operating income of $246.4 million for the quarter ending March 31, up 107.6 percent from $118.7 million in 2009s first quarter.

In the first quarter, Lubrizols additives segment reached $948 million in revenue, up 30.3 percent from $727.8 million in the year-ago quarter.

As expected, all product lines and all geographic markets experienced higher volumes compared with last years first quarter, said Lubrizol CEO James Hambrick. Our additives segment also experienced the benefit of favorable product mix as the driveline and industrial additives product line grew at a higher rate compared with the engine additives product line due to increased OEM build rates.

For the company as a whole, Lubrizol, of Wickliffe, Ohio, announced $167 million in net income for 2010s first quarter on revenues of $1.3 billion, or $2.32 per diluted share. That compared to $65.2 million in net income on revenues of $1 billion, or 95 cents per diluted share, in 2009s first quarter.

Fuchs
Fuchs Petrolub Group detailed net profit of 40.6 million (U.S. $53.4 million) in the first quarter this year, up almost 151 percent from 16.2 million in 2009s first quarter. Sales revenues reached 330.4 million, up 18.6 percent from 278.5 million in the year earlier period.

All three regions saw increased revenues for Fuchs in the first quarter, compared to 2009s equivalent quarter. Revenue increased 14.5 percent to 203.6 million in Europe, jumped 36.8 percent to 83.7 million in Asia-Pacific and Africa, and rose 19.2 percent to 53.4 million in North and South America.

It is encouraging to see that the regions of North and South America and Asia-Pacific, Africa, managed to record even higher sales revenues than in the first quarter of 2008, Fuchs stated. In Europe, on the other hand, it has not yet been possible to reach the revenue levels achieved in 2008. This was mainly due to giving up a low margin toll processing business in Great Britain. The global recession hit in the second half of 2008.

For 2010 as a whole, Mannheim, Germany-based Fuchs said it anticipates increased sales revenues for all regions, while acknowledging raw material costs present a temporary challenge.

S-Oil
Revenue for S-Oils lube segment totaled 297.5 billion won ($266 million) in the first quarter, up 19.5 percent from 248.9 billion won in the year-ago quarter. The lube segments operating profit reached 36.5 billion won ($32.6 million) for the first quarter this year, down 7.9 percent from 39.7 billion won in the first quarter of 2009.

In its first quarter earnings presentation, citing findings by consultant Chemical Market Associates, S-Oil of Seoul, South Korea, said it expects sustainable demand from China and India, gradual demand recovery from the United States, and further improvement in the global economy to sustain refining margins for the remainder of 2010.

S-Oils Onsan, South Korea, refinery has 9,000 barrels per day of Group III capacity, in addition to 15,000 b/d of Group II and 500 b/d of Group I capacity.

Quaker Chemical
Quaker Chemical of Conshohocken, Pa., posted net sales of $128.3 million for the quarter ending March 31, up 30.3 percent from $98.5 million in the year earlier period.

The company turned a $13.7 million profit in the first quarter, up from a $272,000 loss in the year ago period.

Our strong first quarter results were driven by high steel industry demand in China, Brazil, India and Russia while industrial demand in North America and Europe continues to gradually recover from depressed levels, said Michael Barry, Quaker chairman, CEO and president. In addition, the aggressive actions we have taken over the past year and an unusually low tax rate also contributed to these results.