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Monday, June 11, 2018VOLUME 14 ISSUE 24
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Fiat Chrysler Unveils Its $10.5 Billion Electrification Plan

Fiat Chrysler has unveiled its 2018-22 business plans to offer electrified versions across its entire Alfa Romeo, Maserati and Jeep lineups and to phase out diesel vehicles in Europe by 2021. CEO Sergio Marchionne said the company will invest EUR 9 (USD 10.5) billion to develop and expand its lineup of EVs, part of an EUR 45 billion investment over the next five years.


TOTAL to Manufacture Kubota's Line of Genuine Oils in Canada

TOTAL Canada and Kubota Canada have signed a agreement in which TOTAL will manufacture Kubota’s range of Genuine Oils in its Montreal based plant. Kubota Canada has launched a brand new line of engine oils, transmissions oils and hydraulics in all 150 Kubota Canadian dealerships starting now.


ExxonMobil and TOTAL USA Announce Finished Lubricant Price Increases

ExxonMobil advised on June 1, 2018 that ExxonMobil branded and unbranded PVL, CVL, IND, marine & aviation lubricants and greases will increase in price by up to 9% effective July 1, 2018, while TOTAL announced last Friday that prices on TOTAL branded lubricant products will increase from 4% to 6% for most products effective Monday, July 9, 2018.


BASF Names Chemroy a Distribution Partner in Canada

BASF signed a distribution agreement with Chemroy to manage its portfolio of antioxidants, base stocks, surfactants and additives throughout Canada. The product brands include Irganox®, Irgacor®, Irgalube®, Irgaflo®, Synative®, Plurasafe® and Breox®. The agreement became effective June 1, 2018.


SK Capital Buys SI Group

Private investment firm SK Capital Partners has announced an agreement to acquire Schenectady, New York-based SI Group, a manufacturer of performance additives and intermediates. SI Group will be combined with Addivant, a company formed by SK Capital in May 2013 to acquire the antioxidant and UV stabilizer business of Chemtura Corporation.


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