The past week brought positive financial reports from three lubricant suppliers, including the worlds leading independent. Fuchs Petrolub AG said net earnings for the first half of 2006 increased 41.8 percent from the same period of last year. Profits also rose at Quaker Chemical and Milacrons Industrial Fluids segment.
Fuchs said it earned 44.1 million in the first six months of 2006, compared to 31.1 million during the same period of last year. The English version of the companys announcement did not break out results for the second quarter, but stated that sales revenue for the first half grew 16.7 percent to 671.8 million, more than offsetting higher costs for raw materials.
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