PCMOs to Lead Recovery From Recession
PCMO consumption and growth will recover from the recession more rapidly than other automotive oils and should return to a pre-recession scenario in the next 12 months or so. HDMO will show slower recovery and will track the overall economic recovery. Other automotive will be depressed for the next 4 or 5 years. General industrial oils will recover moderately fast while MWFs will be the longest to recover due to the automotive industry slowdown.
[FULL STORY]
|
Tide Water Oil to Expand Lube Capacity
India's Tide Water Oil Co Ltd, part of the Andrew Yule group firm, has announced that it will expand its lubricants production capacity, commissioning two new plants at a cost of Rs 35 crore (US$8.75 million). The new plants, which will replace two old facilities in Deonar (Mumbai) and Chennai, are located at Oragadam near Chennai and Turbhe in Maharashtra, and will increase total capacity to one lakh (100,000) kilo litres per annum.
[FULL STORY]
|
BASF Raises Prices of NPG and TMP
BASF is raising the prices for its polyalcohols neopentylglycol (NPG), trimethylolpropane (TMP) and hydroxypivalic acid neopentylglycolester (HPN)
worldwide with immediate effect or as allowed by contract. BASF stated that the price adjustments are necessary to respond to raw material cost increases.
[FULL STORY]
|
Upcoming Lubrizol & SAE Webcast: Enabling Dual Clutch Transmission Growth Around The World
Lubrizol’s DCTfacts.com* and SAE International will co-sponsor an interactive webcast, focused on the future of dual clutch transmissions, on Thursday, October 15, 2009 at noon ET. The webcast will feature a panel of industry thought leaders, representing the perspective of an OEM, a Tier 1 supplier and a lubricant additive technology company. The discussion will center on promoting DCT growth through innovation, design and collaboration.
[FULL STORY]
|
Thailand's PTT Acquires 100% of Thai Lube Blending Co.
Thailand’s PTT Plc has acquired TOTAL's (and other shareholders) 51.05 percent stake, worth about 157 million baht (US$4,700,000), in Thai Lube Blending Co., Ltd. In another news report in last Monday's Bangkok Post, PTT Plc said that it expects revenue from its lubricant business to increase more than 60% by 2014 to 10 billion baht (approximately US$300 million), driven by aggressive export marketing.
[FULL STORY]
|
COASTAL Blending and Myra Distributing Develop New England Distribution Pact
COASTAL Blending & Packaging has signed an official agreement with Myra Distributing to become a distributor of Irving branded lubricants throughout Massachusetts, Southern New Hampshire, Southern Maine, Connecticut, and Rhode Island.
[FULL STORY]
|
Indian Courts Approve Reliance Industries Limited and Reliance Petroleum Merger
BP Continues to Focus Wind Business on USA, Divests Indian Wind Assets for $95 Billions
Pilot Travel Centers Begins Operating U.S. First Diesel Exhaust Fluid (DEF) Fuel Pump Islands
Manitoba to Become First Canadian Province to Mandate 2-Biodiesel, Effective November 1
InterOil Purchases Shell Aviation Papa New Guinea Business
Valvoline Engine Guarantee Helps 'Clunkers' Buyers Keep Their New Vehicles for up to 300,000 Miles
|
.JPG?i=092009205418)