Lubrizol Corp., parent of Lubrizol Additives, NewMarket Corp., parent of Afton Chemical, and Chevron Corp., parent of Chevron Oronite, all reported strong earnings for their additives segments in the quarter ending June 30, despite pressure from rising raw material costs. Lubrizol reported that its Lubrizol Additives segments revenues totaled $759 million in the second quarter, a 12 percent increase over the year-ago quarter. The segments operating income (income before certain corporate expense...

Last year Kluber Lubrication set up a wholly-owned sales subsidiary in Russia. Last month it founded its own sales company in Thailand. Later this yeara new plant will open in China. And the Munich, Germany-based lubricant manufacturer predicts that it will continue to open subsidiaries at astiff pace in coming years. We follow the OEMs [original equipment manufacturers] around the world, Management Board speaker Claus Langgartner told Lube Report. Wherever themarket is big enough, well set up o...

Financial results for the quarter ending June 30 saw another increase in operating income at lubricant blender Valvoline, and a strong performance by the lubricant division of South Korean base oil refiner SK Energy. Valvoline parent company Ashland said the lube blender reported operating income of $28 million for the three months ending June 30 – the third quarter of Ashlands 2007 fiscal year – up from a $10 million loss for the same period a year earlier. Valvolines sales and oper...

Bulgarian lubricant marketer Prista Oil announced last week that it plans to build a terminal for lubricating base oils in the Black Sea port town of Varna. Officials said the company is building the facility to provide flexibility to receive large base oil shipments and to accommodate its growing base oil trading business. Actually, base oil trading is becoming a core business of Prista, Management Board Deputy Chairman Hristo Savchev told Lube Report. But the most important thing is that this ...

Dow Biocides, a business unit of Dow Chemical, Monday announced it is raising list and off-list prices for its entire glutaraldehyde product portfolio, by 10 cents per pound in North America and 10 percent for the rest of the world. The price increase is effective today, August 1. Applications for the biocides include metalworking fluids, water treatment, sanitizers and preservatives. According to Nanette Hermsen, global marketing manager for Dow Biocides in Buffalo Grove, Ill., the price change...

Claremont, Calif.-based chemical distributor Tri-iso is now representing Rhein Chemie Lubricant Oil Additives in 11 western U.S. states, has opened a new regional warehouse in Oregon, and has promoted Jason Scott to general manager and Kevin Dostal to general sales manager, enabling them to become equity partners in the firm. Last month Rhein Chemies Lubricant Oil Additives Div., Chardon, Ohio, appointed Tri-iso as its western distributor for lubricant and metalworking fluid additives. Part of G...

The Independent Lubricant Manufacturers Association, in partnership with three other industry groups, is planning a metalworking fluid symposium for October 5-8, 2008, in Dearborn, Mich. The symposium will present the latest trends and advances in metal removal fluids, including health and safety, global regulations, best practices and sustainability. Conference chairman John Burke, with Houghton International of Valley Forge, Pa., noted that this will be the third industry symposium to address ...