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Wednesday, August 11, 2004
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VOLUME 4
ISSUE 32
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News Sponsored by Lubrizol
News Sponsored by Chevron Oronite
E-MAIL COMMENTS TO:
Lube Report Editor
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Crompton to Cut 1 Job in 10
Crompton Corp. says it plans to cut approximately 540 jobs as part of a plan to restructure operations. A spokeswoman said the company has not yet determined which businesses will be impacted, but management is expected to make those decisions this quarter.
[FULL STORY]
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ConocoPhillips Hoists Synthetic Blend Flag
In a move likely to be followed by other marketers, ConocoPhillips Co. announced last week that most of its passenger car motor oil business will soon sail under a “synthetic blend” label. At an Aug. 3 news conference, the Houston-based company said it will upgrade its mainline products as part of its switch to the new GF-4 passenger car motor oil specification.
[FULL STORY]
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BP to Merge Japanese Lube Businesses
BP has agreed to merge its automotive lubricant subsidiary in Japan with a domestic importer that has handled some of its lube brands for 26 years. The deal will put Japanese sales of BP and Castrol products under control of a single publicly traded company that claims about 10 percent of that country’s market.
[FULL STORY]
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Milam Makes Off With LSC
Lubricating Specialties Co. announced Monday that Stephen Milam, current president and chief operating officer, together with private equity firm Vintage Capital Group, has acquired full ownership of the independent lubricant and grease manufacturer.
[FULL STORY]
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Atofina Signs Up S and S
Atofina Chemicals Inc. said Monday that it has appointed S and S Chemical, of Northport, N.Y., as its non-exclusive distributor of sulfurized extreme pressure additives in the Midwest and western United States. The line includes TPS tertiary alkyl polysulfides, VPS clear sulfurized ester products and SPS 10LS water soluble polysulfide additives used in industrial and metalworking lubricants.
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Base Oil Price Report
Paraffinic and naphthenic base oil suppliers continued the latest rounds of price hikes this past week, but buyers and sellers were already talking about the possibility of further increases.
[FULL STORY]
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Published by
LNG Publishing Co., Inc.
Copyright © 2004 LNG Publishing Co., Inc. All rights reserved.
Tim Sullivan, Editor. Lube Report (ISSN 1547-3392), Lubes'n'Greases Magazine and Lubricants Industry Sourcebook are published by LNG Publishing Co., Inc., 6105-G Arlington Blvd., Falls Church, Virginia 22044 USA. Phone: (703) 536-0800. Fax: (703) 536-0803. Website: www.LNGpublishing.com. Email: info@LNGpublishing.com.
For sponsor information contact Gloria Steinberg Briskin at (800) 474-8654 or (703) 536-7676 or gloria@LNGpublishing.com.
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