Volume 8 Issue 40

Weicon Enters North American Market

Lubricant and specialty chemical supplier Weicon Inc. has opened a North American office in Kitchener, Ont., Canada. Mnster, Germany-based Weicon manufactures and distributes lubricants, greases, adhesives, technical sprays and liquids, assembly pastes and sprays, and stripping tools. The company was founded in 1949 and exports to more than 60 countries worldwide. Along with an office in Dubai, United Arab Emirates, the Kitchener facility is the companys second international office. Lubricants ...

Platinum Claims Milestones to Market Entry

Dallas-based additive company Platinum Research Organization has reached agreement with a group of long-term investors to provide it with $1.5 million of financing. It also says a formulated engine oil containing its proprietary low-phosphorous additive has passed a series of performance tests, which could help it move from being a curiosity into the lubricants mainstream. The financial backers, whose funds may be converted into Platinum common stock, include company executives, EFO Holdings LP...

Huntsman Scores Against Hexion

Hexion Specialty Chemicals attempt to extricate itself from a merger with Huntsman appeared to reach a dead end yesterday when the Delaware Court of Chancery entered judgment in favor of Huntsman and ordered Hexion to use its reasonable best efforts to consummate the merger of the two chemical companies. The court also ordered that if the merger closing has not occurred as of today, the merger agreement termination date would be extended until the court determined that Hexion had fully complied...

Lubrizol Promotes Six

Lubrizol Corp. on Monday outlined key company officer changes aimed at supporting continued growth, including promotions of Steve Kirk and Dan Sheets. Steve Kirk, formerly corporate senior vice president and president of Lubrizols additives business segment, is now senior vice president and chief operating officer, in charge of both the additives and advanced materials businesses. Larry Norwood was promoted to corporate vice president for operations, with responsibility for operations and infras...

Chemtura Gung Ho for Grease

Chemtura Corp. will increase calcium sulfonate grease capacity by 60 percent at its West Hill, Ontario, Canada, plant, adding three new kettles, announced Sean OConnor, vice president of Chemtura Petroleum Additives. The higher volume, intended to help meet growing demand worldwide, is scheduled to go on line by fall 2009. Chemtura declined to disclose current or future capacity. Were doing this in an effort to service the growing needs of all of our customers, not just one particular market, ...

Puralube Plans Norwegian Rerefinery

Ineos Bamble AS and Puralube Nordic AS have reached agreement for a lubricant oil production plant on the Ineos site at Ronningen in Bamble, Norway. Puralube plans to invest 400 million Norwegian kroner (U.S. $70.6 million) in the new rerefining facility, which will convert waste oils intolubricants for use in cars, other transportation and a broad range of industrial applications. Puralube will build, own and operate the plant. When commissioned in 2010, it is expected to be capable of producin...