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Wednesday, September 8, 2004
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VOLUME 4
ISSUE 36
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News Sponsored by Lubrizol
News Sponsored by Chevron Oronite
E-MAIL COMMENTS TO:
Lube Report Editor
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Independents Cry Foul Over ExMo Pricing
The Independent Lubricant Manufacturers Association last week accused ExxonMobil of predatory pricing practices in its finished lubes business and said it will ask the federal government to intervene. Officials said the viability of independent blenders is threatened by the company's failure to raise finished lube prices in line with base oil cost increases. ExxonMobil insisted it has done nothing wrong.
[FULL STORY]
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Mexican Packager Buys Into U.S. Firm
Departing from the stereotypical pattern of cross-border trade, a Mexican lubricant company has entered a long-term agreement to acquire a U.S. packager and distributor to improve its prospects for sales in Mexico and other foreign markets.
[FULL STORY]
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Chemical Prices Still Upward Bound
Crude oil costs may have slipped in recent weeks, but chemical companies are still passing on price increases for materials used to make greases, hydraulic fluids and other lubricants. FMC Lithium, BASF and Crompton Corp.’s Petroleum Additives business are among the latest to impose markups.
[FULL STORY]
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BASF, Dow to Build PO Plant
BASF AG and Dow Chemical Co. announced last week that they plan to build a world-scale propylene oxide plant in Antwerp, Belgium. Scheduled to open in 2008, the facility will employ the Hydrogen Peroxide to Propylene Oxide technology that the companies developed together.
[FULL STORY]
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Base Oil Price Report
U.S. base oil suppliers completed another round of price increases the past week, and some observers said it amounted to nothing less than upheaval for the market. Some oils from Group II supplier Motiva are now priced below Group I stocks. Group II producer ConocoPhillips decided not to raise prices – a move that some attributed to Motiva’s recent aggressiveness.
[FULL STORY]
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Correction
An article in the Sept. 1 issue incorrectly summarized an alliance between Cooper Power Systems and Cargill Industrial Oils. Cooper Power will continue to market and distribute Envirotemp FR3 dielectric fluid.
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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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