Valvoline Cummins Opens New Lubricants Blending Plant Near Mumbai
Valvoline Cummins Ltd, a joint venture formed in 1998 between Ashland and Cummins India Ltd, has announced the opening of a new $30 million lubricants manufacturing and packaging plant near Mumbai to produce Valvoline™ automotive lubricants. Initial production capacity is 120 million liters per year with future capacity of 150 million liters annually.
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Expansion Projects Position Oronite for Growth
Chevron Oronite announced last week that it is steadily achieving milestones in four major capital projects. Collectively, these projects represent the company’s highest level of investment globally since the construction of its Singapore manufacturing facility in 1999.
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Shell Lubricants and Kia Motors Europe Extend Technical Partnership
Shell Lubricants and Kia Motors Europe have renewed their technical partnership agreement, reconfirming Shell Lubricants as the car manufacturer’s preferred European motor oil supplier. The initial five-year agreement has now been extended to December 2016.
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Lube Additives Demand in U.S. to Increase 4.3% Annually to 2017
Cleveland, OH based market research firm Freedonia Group has released a study that forecasts U.S. lubricant additives demand will grow 4.3 percent annually to nearly $3.9 billion in 2017. Though smaller in volume than the automotive lubricant market, industrial lubricants will exhibit stronger growth in both lubricant production and additive concentrations.
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Afton Chemical Adds HiTEC® 3435 to Its ATF Range for EMEAI
Afton Chemical has further enhanced its Automatic Transmission Fluid range in the EMEAI region, with the launch of HiTEC® 3435 for Continuously Variable Transmissions (CVT), meeting the performance requirements of a wide variety of vehicles.
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Calumet 1Q Net Income Falls
Calumet last Wednesday reported net income for the quarter ended March 31, 2013 of $46.0 million, down when compared to $51.9 million for the same quarter in 2012, although adjusted EBITDA of $80.0 million for the quarter ended March 31, 2013 was up, as compared to $69.7 million in the first quarter of 2012.
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