Argus & ICIS Launch European Group III Base Oil Price Assessments
Both Argus and ICIS Pricing have launched assessments for European Group 3 (also referred to as Group III) base oil prices the past week, Argus on 21 May and ICIS Pricing on 25 May 2010. The new prices are published in Argus Base Oils and in ICIS Pricing Base Oil Price Reports.
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Daimler AG Updates Mercedes-Benz Operating Fluids Specifications and Approved Oils Lists
Daimler AG has updated its list of approved fluids for its vehicles and major assemblies in the Mercedes-Benz Specifications for Operating Fluids (MB BeVo), presented by Daimler AG in both the German and the English languages. Daimler AG recommends using exclusively the products in these lists that have been individually checked and approved by Mercedes-Benz.
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Cognis 1Q 2010 Operating Result Is Best Ever
Cognis has confirmed its previously announced preliminary first quarter 2010 financial results that the company recorded operating earnings of 131 million euros, the best in the company’s history. This represents an increase of 58 million euros (79.6 percent increase) compared to the same quarter of the previous year.
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BASF AG Might Present Binding Offer For Cognis As Earlier As June
BASF AG reportedly might present a binding offer for Cognis as early as in June, but negotiations with the company's owners, Goldman Sachs Capital Partners and London-based private equity firm Permira, are described as "difficult", according to Dow Jones Newswires last Friday. BASF, which is considered the likely buyer, had so far only presented a non-binding offer, valuing Cognis at around EUR3 billion.
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Asia Pacific Base Oil Market Is Under Pressure
It's a stalemate in the Asia Pacific base oil market this past week with limited trading activities and weakening buying sentiments in most of the regions. The current mood of who-will-make-the-move-first between buyers and sellers was clearly demonstrated. Group I prices were essentially unchanged while a slight loss was seen in Group II Singapore values.
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Synthetic Lubricant Cross Reference Chart Series - Synthetic Industrial Chain Lubricants
The Synthetic Industrial Chain Lubricants Chart is the sixteenth of a 22-chart series of the Fifth Edition of our Synthetic Lubricant Cross Reference Chart Series. This 24-set series consists of over 7,900 (fully) synthetic lubricants marketed by over 500 worldwide lube manufacturing & marketing companies and equipment OEMs.
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