Infineum has announced the opening of Infineum (China) Co. Ltd., its second wholly owned foreign enterprise in China after establishing Infineum (Shanghai) Additives Co. Ltd in 2013. Located in Zhangjiagang, Jiangsu Province, Infineum (China) Co., Ltd., is designed with a capacity to produce 100,000 tons of lubricant additives per year.

WL Ross Holdings Corp. announced last Monday a definitive agreement to acquire Nexeo Solutions Holdings from asset firm TPG. As part of the transaction, TPG will roll over a substantial portion of its existing equity and retain approximately 35 percent ownership. The anticipated initial enterprise value, including fees and expenses, is $1,669 million.

Mannheim, Germany-based FUCHS PETROLUB SE last week reported that in the financial year 2015 the company generated record sales revenues and earnings. Group sales revenues, at EUR 2,079 (US$2.32) billion, exceeded the EUR 2 billion mark for the first time and are 11% higher than the previous year's EUR 1,866 billion.

According to Reuters, Brazil's state-controlled oil giant Petrobras (Petróleo Brasileiro SA) is considering selling control of its fuel and lubricants distribution unit BR Distribuidora SA, aka Petrobras Distribuidora S.A, after bidders failed to show acceptable interest a minority stake.

Infineum last Wednesday announced that Trevor Russell will be appointed as its new Chief Executive Officer, replacing Xavier le Mintier who will step down on June 30, 2016 after more than four years in the role and after having completed the mandate agreed by the Infineum Board of Directors.

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