Afton Chemical Ready to Launch New PCMO Additive That Exceeds GF-5 Requirements
Afton Chemical announced last Friday that it is ready to launch a new passenger car motor oil (PCMO) additive, one of the first to come to market in anticipation of the new GF-5 standard set by the International Lubricant Standardization and Approval Committee (ILSAC), which goes into effect in October, 2010.
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ExxonMobil Announces Multi-Year Extension of Lube Supply Agreement With Caterpillar
Last week ExxonMobil announced that as part of a multi-year agreement with Caterpillar, it will manufacture and supply Caterpillar branded lubricants to Caterpillar factories and dealers worldwide. With this agreement, ExxonMobil continues as the exclusive worldwide supplier for 33 Caterpillar lubricants used in engines, transmissions, hydraulics and final drives.
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Palmer Holland Acquires Triad Lubrication Components
Palmer Holland, Inc. has acquired Triad Lubrication Components, LLC, a distributor of lubricant raw materials, in a transaction that will extend the Palmer Holland lubrication and metalworking components sales footprint. Ralph Beard, former President and founder of Triad, has been named Vice President - Lubricants for Palmer Holland.
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Chemidex Changes Its Name to Innovadex
Chemidex, a leading B2B search engine for lubricant product developers worldwide, is changing its name to Innovadex. This search engine takes just seconds to connect qualified product developers with material suppliers, samples, and the world’s largest online collection of technical documents serving the lubricant industry.
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Ashland/Valvoline Reports Quarterly Earnings Results
Ashland reported last Friday that Valvoline's sales of $463 million for the April-June 2010 quarter increased 5 percent over the year-ago June quarter and 8 percent sequentially. While total lubricant volume increased by 1 percent versus the June 2009 quarter, with the onset of the summer driving season, volumes increased 6 percent sequentially.
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Asia Base Oil Market Report
The Asia Pacific base oil market was ‘confused’ this past week on the next direction it should move. The North East Asia market extended the downtrend since the last few months while the South East Asia market has become stagnant after a strong upward movement the previous several weeks.
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