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Monday, October 3, 2016   VOLUME 12 ISSUE 40  
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LANXESS to Acquire Chemtura for US$2.7 Billion

Cologne, Germany-based LANXESS last Monday announced plans to acquire Philadelphia, Pennsylvania-headquartered Chemtura Corporation. Chemtura’s two additive segments will, together with LANXESS’ Rhein Chemie Additives business unit, form the new Performance Additives segment after the closing of the transaction.


Ergon Introduces HyGold 5000BS

Ergon has announced the availability of HyGold 5000BS, a product of the company’s investment in the latest Group I bright stock refining technology. Recent modifications at the company’s refinery in Vicksburg, MS, allow for production capacity of 150,000 tons or one million bbls per year of HyGold 5000BS.


Tyree Oil Buys Lubricant Division of Christenson Oil

Eugene, OR-based Tyree Oil has acquired the lubricants division of Portland, OR-based Christenson Oil, which owns one of the largest independently operated blending facilities in the Pacific Northwest. The purchase price was not disclosed.


Tata Motors, Hindustan Petroleum to Launch HP Tata Motors Genuine Oils

India's Tata Motors last Wednesday announced an agreement with Hindustan Petroleum Corporation Ltd to launch a range of HP Tata Motors Genuine Oils exclusively developed for passenger vehicles of the auto maker in the domestic Indian market.


Sri Lanka's Lubricant Market Grew by 6.8% in 2015

Sri Lanka’s lube market grew at 6.8 percent to 23.4 billion rupees (US$156 million) in 2015, with 10.1 percent growth in automotive lube and 7.7 percent increase in industrial lube, the lubricant market report 2015, compiled by Public Utilities Commission of Sri Lanka (PUCSL) said.

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