Bidding War for Cognis?
Lubrizol and BASF are preparing bids to acquire Cognis, according to Bloomberg and DowJones Newswires.
[FULL STORY]
|
Safety-Kleen Pays $15M for Clean Air
Safety-Kleen will pay $15 million to settle violations in southern California over supplying cleaning solvents containing volatile organic compounds that contribute to air pollution.
[FULL STORY]
|
Owners Keep Vehicles Longer
Car owners put 50,000 more miles on their current vehicles than on their previous ones, and pay more attention to maintenance, according to AutoMD’s online survey of car owners.
[FULL STORY]
|
Ash Cloud Grounds ELGI
Due to the uncertainty of air travel over Europe, the European Lubricating Grease Institute’s board made the tough call yesterday to postpone its Annual General Meeting in Kiev, Ukraine, from April 24-27 to Oct. 23-26.
[FULL STORY]
|
ATF Leak Drives Mazda Recalls
Possible automatic transmission fluid leaks led Mazda to recall nearly 90,000 cars in China and Japan starting April 16.
[FULL STORY]
|
Execs Buy Hoover
Hoover, which supplies tote bins to the lubricants industry, is now under independent ownership following a buyout led by its chief executive officer. Financial terms were not disclosed.
[FULL STORY]
|
U.S. Base Oil Price Report
The U.S. base oil market was quiet until the close of business yesterday, when Chevron announced an 18 to 20 cent per gallon increase in its API Group II posted prices. It was the only paraffinic producer to follow Flint Hills Resources’ move of last week.
[FULL STORY]
|
Europe-MidEast-Africa Base Oil Price Report
A somewhat indifferent week has gone past, with little real business taking place. Perhaps due to travel restrictions, players have been difficult to find at their desks. But it also appears that many buyers could have reached a peak on inventories.
[FULL STORY]
|
SSY Base Oil Shipping Report
Over the past month the shipping market overall has weakened. More tonnage is available in all the key trading areas, including Europe, the Americas and even in Asia. Freights stopped rising several weeks back, and some routes are now seeing reductions.
[FULL STORY]
|
