Calumet Works on Repairs
Calumet is working at its Shreveport, La., refinery to bring back online critical equipment damaged by a Feb. 5 scrubber unit explosion that forced the company to curtail base oil production.
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SSI Adds Caromex Wax Division
Schumann Steier Inc. has added a wax division, following its acquisition of the Caromex wax brand, employees and worldwide agency network.
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Fuchs Manages Tough Year
Fuchs Petrolub AG reported earnings of €121.4 million (U.S. $167 million) on full-year 2009 sales revenues of €1.18 billion, up from earnings of €110.3 million on sales of €1.39 billion in 2008.
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$16M for Fluid Power Research
The National Science Foundation will award the Engineering Research Center for Compact and Efficient Fluid Power (CCEFP) a four-year, $16 million grant to support research and teaching efforts aimed at reducing the size and energy drain of hydraulic systems.
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Grease Prompts VW Brazil Recall
The possibility of bearing grease failure in rear wheels has led to a massive recall of passenger vehicles by Volkswagen in Brazil.
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Dow Europe, BASF, Oxea Raise Prices
Dow Europe increased prices for lubricants, BASF boosted prices for polyalcohols used in synthetic lubricants, and Oxea raised prices on a variety of solvents.
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U.S. Base Oil Price Report
U.S. base oil activity was fairly low key this past week. Producers appear to be sizing up the supply/demand situation while contemplating improving margins going forward. Buyers, meanwhile, are showing enhanced interest as the spring season nears.
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Europe-MidEast-Africa Base Oil Price Report
With International Petroleum Week under way in London, and with conference time at the end of the week for many key players, the EMEA market will likely see a relatively quiet week for base oil business.
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SSY Base Oil Shipping Report
It was mostly an active week. Asia traded to the very last moment prior to the holidays, with plenty of cargo worked. Europe too had a bountiful week with rates generally firmer. The Americas saw slightly less business, and freights slipped on a couple of routes.
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