Operating profit for the additives segment reached $97.8 million, down 1 percent from $96.9 million in 2012s second quarter. The company said it still expected its petroleum additives operating profit in 2013 to exceed last years results.

Sales volume was softer than expected due to a slower than expected economic recovery in our customers markets, the company said.

NewMarket of Richmond, Va., posted $64 million in overall net income or $4.81 per diluted share in the second quarter, up 15.7 percent from $55.3 million in net income, or $4.12 per diluted share in the year-ago period.

Fuchs Petrolub
Fuchs Petrolub Group reported net profit of 56 million (U.S. $74.4 million), up 11.1 percent from 50.4 million in 2012s second quarter.

Mannheim, Germany-headquartered Fuchs posted 468.3 million in sales revenues for the second quarter, up 1.5 percent from 2012s second quarter.

Compared to a year earlier, second quarter revenue for 2013 increased 1.6 percent to 281.9 million in Europe, rose 3.8 percent to 126.2 million in Asia-Pacific and Africa, and slid 2.7 percent to 79.4 million in North and South America.

Lubricant demand in the mature markets of the USA, Japan, Germany, France, Italy and Spain, which together make up roughly one third of global lubricants demand, has fallen by around 5 percent in the first third of 2013, compared with the previous year, Fuchs stated in its Aug. 2 interim management report. Based on economic developments, we are anticipating an increase in consumption in the emerging markets for the first half of 2013. From todays perspective, we expect global lubricant consumption to stagnate in 2013 at the same level as 2012.

Chemtura
Philadelphia-based Chemturas petroleum additives segment posted $182 million in net sales for the second quarter, up 13.8 percent from $160 million in the year earlier quarter.

Within our Industrial Performance Products segment, the strength in the sales of petroleum additives and certain synthetic lubricants we saw in the first quarter continued, Craig Rogerson, chairman, president and CEO of Chemtura, said in the companys quarterly earnings release. This strength more than offset the weaker demand conditions for our urethane products sold to mining and electronic applications.

Chemturas Industrial Performance Products net sales increased 54.3 percent to $254 million, up from $235 million in 2012s second quarter. The segments second quarter operating income increased 10.7 percent to $31 million in the second quarter of 2013.

Neste Oil
In its earnings report, Neste said its share of base oil from the 400,000 t/y API Group III Neste-Bapco joint venture plant in Bahrain reached 43,000 tons during the second quarter, compared to 45,000 tons in the year-earlier quarter.

Neste Oil reported 122,000 metric tons in base oil sales in the second quarter from in-house production, up from 114,000 tons in 2012s second quarter.

Neste Oil and Petroleos de Venezuela S.A. (PDVSA) are co-owners of Nynas. (In addition to its 7,800 b/d naphthenic plant in Nynashamn, Sweden, Nynas has long-term marketing agreements to sell naphthenic base oils produced at a PdVSA plant in Emmastad, Netherlands Antilles, and a Valero plant in Three Rivers, Texas. Naphthenic capacity at those facilities is 3,700 b/d and 2,400 b/d, respectively.)

In June, Nynas reported an SEK 34 million (U.S. $5.2 million) loss for 2012, compared to 2011. Sales for 2012 reached SEK 24.5 million for the full year, up 5 percent from 2011.

Nynas noted that volumes in 2012 continued to be low for naphthenic specialty oils mainly used within the automotive industry and that account for about 40 percent of the companys specialty oil production. Nynas noted a positive trend in the market for transformer oils, including a record monthly sales volume for the product group last October.

The result for 2012 was not according to expectations, but it is important to note that Nynas is still a strong group with a clear growth strategy, said Nynas CEO Staffan Lennstrom in a news release. We are confident in the measures weve taken to reduce commodity exposure, increase cost effectiveness and that the new sales contracts both in naphthenics and bitumen will give us an acceptable profit in 2013.