Grease Market News

Fuchs Petrolub said yesterday it acquired Chevron’s worldwide white oils and food machinery lubricants business, which will be integrated into Fuchs Lubricants Co. (USA). The price was not disclosed. “This includes the brands and formulations for our white oils and food-grade product lines,” Chevron spokeswoman Quyen Teng told Lube Report.

ATLANTA, June 21, 2016 /PRNewswire/ -- LuBest, the lubricant division of Momar, Inc., a manufacturer of specialty chemicals for industrial and institutional markets, announced today the launch of the new Synplicity line.  The new selection features full-synthetic lubricants, formulated to provide superior lubrication solutions at an economical price.

WICKLIFFE, Ohio -- For the past seven years, the Lubrizol Corp. has participated in Northeast Ohio's annual Top Workplaces survey, a tough competition for an industrial company that develops and manufactures chemicals. Still, for the last seven years, the Wickliffe-based global maker of specialty chemicals, polymers and lubricant additives has been named one of the top workplaces in the region, and one of only two industrials near the very top. This year, Lubrizol has been judged the No. 1 top workplace among larger companies, finishing ahead of previous first-place winners such as Hyland Software, Keller Williams Realty, Third Federal and Charles Schwab.

Year to date, Chemtura Corporation (NYSE:CHMT)  stock has yielded positive results for investors.  So far this year the stock has jumped 3.56% as investors are hopeful that the trend can continue into the 2nd half of 2016.  Is now the right time to take profits or hold long term?  Investors will be paying particularly close attention to the upcoming earnings announcement as well as what analysts are anticipating over the next couple of quarters. 

ST. PAUL, Minn.--(BUSINESS WIRE)--Three of the Midwest’s largest petroleum distributors, Boyer Petroleum (Des Moines, IA), Moore Oil Company (Milwaukee, WI), and the Distribution arm of Lubrication Technologies Inc. (St. Paul, MN), announced today they have entered into a merger to form Lube-Tech & Partners, LLC. Under this merger, the new company’s 200 combined employees will provide over 20 million gallons of lubricants and chemicals, as well as a broad portfolio of products and services to over 7,000 customers throughout the Upper Midwest.

Market analysts have recently updated their ratings and price targets on shares of Quaker Chemical Corporation (NYSE:KWR). The latest reports which are currently in issue on Sunday 5th of June state 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell.”

Chemtura Corporation (NYSE:CHMT) stock has moved in a downward direction over the past week, yielding losses for investors.  Based on the recent close, the shares have dropped -0.41% over the past five trading days.  Looking further out, the stock is -2.16% year to date.  With increased market volatility, stakeholders will likely be deciding whether or not now is a good time to cut losses or double down on the pullback.

Industry leader FUCHS Lubricants has announced that it will stock its newly-launched AGRIFARM ATV 10W-40 product in five litre packs. Until now the engine oil has only been available in 205 litre barrels.

Food and beverage manufacturing facilities are tough environments for bearings. The avoidance of premature failures calls for smart approaches to their selection, operation and maintenance. PWE spoke to David Oliver, channel and platform development manager bearings and units at SKF. Almost every machine used in food and drinks production relies on bearings in its operation. In many instances, however, bearings fail prematurely.