News Sponsored by Oronite

Monday, April 30, 2018VOLUME 14 ISSUE 18
Information on Advertising
News Sponsored by HollyFrontier
News Sponsored by HollyFrontier
Media Partner
Media Partner
Digital Book: LubriTec Synthetic Lube XRef - ED 6
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Click Here to Subscribe, Unsubscribe or Change Your Options
ITALMATCH to Acquire Afton Chemical's MWF Business

Italmatch Chemicals announced it has entered into an agreement with Afton Chemical for the acquisition of Afton's metalworking fluid business (former Polartech). The deal includes the acquisition of the entire business and assets relating to metalworking fluid carried out in Bedford Park, Illinois and Manchester, UK sites, as well as business in India and China.


Afton Chemical's 1Q 2018 Sales Up, Profit Falls

Sales for the Afton Chemical for the first quarter of 2018 were $586.9 million, up 8.7% versus the same period last year. Operating profit for the first quarter of 2018 was $84.1 million, an 11.8% decrease over first quarter last year of $95.4 million. The company posted record shipments in the first quarter of 2018, with a slight improvement over the same period last year, which was the company's prior record for quarterly shipments.


Shell to Sell Its Downstream Business in Argentina to Raízen

Shell last week signed an agreement to sell its Downstream business in Argentina, including its lubricants business, to Raízen for US$ 950 million. The sale includes the Buenos Aires Refinery (which contains a lube base oil plant), around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and distribution activities in the country.


SK Withdraws Lubricants IPO

South Korea’s SK Innovation disclosed last Friday that it filed for cancellation of the listing procedure with the Financial Supervisory Service of its 1.56 trillion won (US$1.48 billion) IPO for SK Lubricants after the two-day book building session on April 25 and 26 failed to meet pricing expectations.


Major Oil Companies Report Improved 1Q Earnings

Last week, Shell, ExxonMobil and Chevron all reported increased first quarter earnings. Shell reported a 42% rise in profits in the first quarter of 2018, its highest in over three years. ExxonMobil's first quarter 2018 net income was up 16%, while Chevron's earnings were up 33% compared with the first quarter of 2017.


Univar to Distribute Boss Lubricants in Western Canada

Univar Canada Ltd., a subsidiary of Univar Inc. along with Boss Lubricants, announced an energy and mining markets distribution agreement last week for Western Canada. Boss Lubricants is one of Canada's largest independent lubricant manufacturers and wholesale suppliers of lubricants, glycols and greases.


News Sponsored by Lexolube
News Sponsored by Lexolube
April 23, 2018
April 16, 2018
April 9, 2018
April 2, 2018
March 26, 2018


Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. Please send all comments and correspondence to
Published by Lubrication Technologies, Inc.
Copyright © 2018 Lubrication Technologies, Inc. All rights reserved.
Privacy Policy

Powered by IMN™