Growmark has acquired two Waterloo Service Co. facilities in Waterloo, Iowa, including one for expanded bulk lubricant storage and distribution operations. Terms of the acquisition were not disclosed. The facilities are known as the Airline Highway and Logan property facilities. The Airline Highway facility will be used for truck fabrication, testing and upgrades. The Logan property includes a storage facility for bulk lubricants, a refined fuels bulk plant and propane operation. The Logan pro...

Lubricant supplier Quaker Chemical and Milacrons Industrial Fluids segment each saw increases in earnings and sales for the quarter ending June 30, compared to the year-earlier period. Conshohocken, Pa.-based Quaker Chemical on Thursday said its net income reached $4.3 million for the second quarter, up 4 percent from the year-earlier period. Quakers second-quarter sales reached $158.2 million, up 15 percent from $137.6 million in 2007s second quarter. The company attributed the increase to hi...

BioBlend Renewable Resources has added 10 marketers to its U.S. distribution network for vegetable-based industrial lubricants, doubling its market coverage in the last six months. Our goal is to have an ability to deliver product into at least the 48 contiguous states by the end of the year, company spokesman Gary Bevers told Lube Report. All of our distributors are petroleum jobbers and lubricant distributors. The latest additions are Sampson-Bladen in North Carolina; Wilcox and Flegel, and ...

KUALA LUMPUR, Malaysia – Over the past seven years, the lubricants business at Chinese oil giant PetroChina has gone from an RMB 400 million loss (U.S. $59 million) to a profit of more than RMB 100 million on sales of RMB 1.5 billion, while annual lube sales volumes rose from 1.2 million tons to 2 million tons. Expect profit to reach RMB 200 million this year, a PetroChina Lubricant Co. executive said. Despite the fact that its 10 base oil refineries are running below capacity, PetroChina...

Lubrizols additives segment reported a strong increase in operating income, while Afton Chemical and Chevron Oronite saw earnings decline for the quarter ending June 30, compared to the year-earlier period. Lubrizol and Afton’s parent NewMarket cited cost increases in additive raw materials as a challenging factor during the second quarter, while Chevron cited lower margins on sales of additives as a key factor. Lubrizols additives segment posted operating income of $117.2 million in the s...