Following finished lubricant price increases announced by Shell, ExxonMobil and CITGO, as reported in last week's OEM/Lube News, others including Chevron, Valvoline, BP/Castrol, Phillips 66 and Kleen Performance Products announced price increases, typically in the 6% range, within the past several days.

LuBest, the lubricant division of Momar, Inc., announced the launch of its new Synplicity line, made from GTL base oils. These include RCL™ rail curve and switch lubricants in five standard viscosities, FlexSafe™ multi-purpose lubricants in nine standard viscosities and Safecracker™ penetrating lubricant in aerosol and liquid.

Idemitsu Lubricants America has opened its new 13,000 square foot facility in Wixom, MI — its first R&D center in North America. ILA invested $2.4 million in building and equipment costs for the new site, with plans to spend an additional $2 million for new equipment over the next two years.

Freudenberg is investing 40 million euros in expanding its nearby site at Maisach, Germany in the construction of a 19,000 square meters pan-European logistics center for Klüber Lubrication, Chem-Trend and OKS. Construction of the new logistics center for Klüber Lubrication is due to be completed in the second half of 2017.

Miami, FL-headquartered World Fuel Services Corporation, last Thursday announced that its subsidiary has signed definitive agreements to acquire two U.S. fuel and lubricant distributors: Virginia Beach, VA-based PAPCO and Tacoma, WA-based Associated Petroleum Products, for a total of $230 million.

• Terex to Sell German Compact Construction Equipment Business to Yanmar
• Neste Updates Names in the Renewable Product Family
• Oxea Announces Price Increase for NPG in North America
• Oxea Announces Price Increase for NPG and TMP in Europe
• Fereidun Fadaei Dolat Appointed New Managing Director of Sepahan Oil Company
• Ali Kardor Appointed New Managing Director of National Iranian Oil Co. (NIOC)
• Heath, Ohio-based Fuel and Lubricants Distributor Englefield Oil Names Michael Adkins VP Lubricants Division