Hyrax Oil Sd Bhd, a manufacturer of transformer oil and other lubricants in Malaysia, recently signed a three-year, $30 million distributorship agreement with Jeddah-based The Saudi Co. of Chemical Trading Ltd. (Chemtrade), according to a report Monday by Bernama, Malaysias state-run news agency. Hyrax Oil managing director Datuk Hazimah Zainuddin and Chemtrade general manager Rakan Alireza signed the distributorship agreement at the Malaysia External Trade Development Corp. (Matrade) office in...

Anyone seeking to buy or or sell stock in Industrial Enterprises of America today on the Nasdaq exchange will not find it. Thats because Nasdaq has informed the automotive aftermarket supplier that a hearings panel decided to suspend trading of its securities, effective with the start of trading on Feb. 20. The company is also reviewing financing alternatives to add liquidity to its Pitt Penn compounder blender subsidiary. The company yesterday said it is considering whether to request that th...

Sea-Land Chemical Co. has expanded its distribution network for Air Products and Chemicals Inc.s surfactants for metalworking fluid markets as well as household, industrial and institutional users, to locations in New York, New Jersey, Pennsylvania, Delaware, Maryland and Washington, D.C. Although the companies have in business together since 1976, the previous territory was limited to Illinois, Indiana, Ohio and Wisconsin. This is an opportunity to expand our efforts in the household, industr...

Germanys Lanxess AG has launched its own distribution company for central and eastern Europe in Slovakia, hoping to capture more of the market for specialty chemicals in the rapidly growing region. We expect growth in these countries to outstrip that of western Europe in the years ahead, so weve decided to tap this potential for Lanxess by setting up our own company, said Rainier van Roessel, member of the Lanxess AG board of management. Lanxess, headquartered in Leverkusen, supplies Preventol...

Moly Mines Ltd. has awarded a $1.1 billion Australian (U.S. $997.9 million), seven year mining and earthmoving contract for the Spinifex Ridge Molybdenum Project to Perth-based contracting group Macmahon Holdings. Molybdenum is used as an additive in both lubricants and greases, in addition to its primary use as an additive in steel alloys and other steel products. Derek Fisher, Moly Mines managing director, said the contract represented a milestone towards development of Spinifex Ridge in West...