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Top Lube Report Stories of 2017

The year that is winding down has been eventful for the global lubricants industry - featuring a rocky road for lubricant standards in North America and big changes in the make-up of several markets.

Fuchs Buys Romanian Distributor

Fuchs Petrolub Group recently acquired Romanian lubricant distributor Lub Asyst. In 2016, Lub Asyst generated some 4 million (U.S. $4.7 million) in sales revenues.

Lubrizol Invests in Ohio Facility

Lubrizol opened its new drumming facility and warehouse in Painesville Township, Ohio, as part of the Wickliffe, Ohio-based companys five year, $100 million investment plan announced in April 2015. The combined 180,000 square foot facilities cost $70 million.

Adnoc Distribution Considers Listing

Abu Dhabis Adnoc Distribution, which markets finished lubricants under the Voyager brand, could offer stock worth more than 10 percent of its value by early 2018, according to unconfirmed press reports. Earlier reports suggested an initial public offering of the business - which also includes filling stations, service centers and convenience stores - could value the company at up to U.S. $14 billion.

Distributors Face Oil Labeling Rules

Motor oil labeling guidelines have been updated once again, this time as the result of a unanimous vote at a National Conference on Weights and Measures meeting last week, which moved to require distributors of bulk engine oil to provide written documentation on the quality of oil on each delivery to oil change facilities effective Jan. 1, 2014.

Amalie Oil, ESL Teknologies Partner

ESL Technologies was founded in 2009 to develop lubricant technologies. Repositioned as a sales and marketing business since 2015, ESL Teknologies signed an agreement announced Thursday to distribute Spectrol-branded lubricants in the United States for blender Amalie Oil.

Flexies Strut their Stuff

In this era of base oil oversupply and cost sensitivity, one flexitank supplier says this relatively new shipping technology offers the low cost and flexibility that gobal base oil businesses need to stay competitive.

Chevron Czechs Out

Bulgarian lubricant manufacturer Prista Oil acquired Chevrons lubricants distribution business in the Czech Republic. Terms were not disclosed.

Umongo Acquires South African Distributor

Umongo Petroleum acquired South African base oil distributor Orbichem Petrochemicals, which is now a wholly owned subsidiary. Terms were not disclosed.

Shifting Dynamics for Finished Lubes

SCOTTSDALE, Ariz.-Organic growth may not be in the cards for the lubes industry, but the market is far from stagnant, Annie Jarquin of Kline & Co. told the Independent Lubricant Manufacturers Associations members at their annual meeting here last week.
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