Russian industrial lubricants and grease marketer Titan built a new plant in Novocherkassk, introduced a new filling line and entered new markets, a company official said at an industry conference in Moscow last month.
Greif partnered with industrial packager Tholu B.V. to open a new multimillion euro intermediate bulk container factory in Ede, the Netherlands, to serve the Benelux region, the company announced early last week. The facility focuses on the needs of the food industry, including food-grade lubricant packaging.
Royal Dutch Shell expects that annual earnings after tax for its global commercial business - most of which is accounted for by lubricants - will grow from $1.4 billion in 2017 to close to $2.5 billion in 2025, driven by factors such as growth in sales of premium lubricants and expanded market shares in several large, developing markets.
Shell, the worlds leading lubricant marketer, has seen its business in Russia grow slower than intended, but it still considers the country a strategic hub for expansion of its business in the region.
Indias Maximus International Ltd. said its United Arab Emirates-based unit plans to acquire a controlling stake in Pacific Lubricants LLC, a producer with a plant in the UAE.
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