Malaysia’s KLK OLEO expands business footprint

Photo courtesy of KLK OLEO KLK OLEO, a global oleochemical producer based in Malaysia, has expanded its business footprint to the Americas with a new sales office in Woodbury, New York, U.S.A. KLK OLEO is the manufacturing division of its parent company, Kuala Lumpur Kepong Berhad, a leading international plantations group listed on Main Market…

Valvoline announces realignment of business segments

Photo courtesy of Valvoline U.S.-based global lubricant marketer Valvoline Inc. announced the realignment of its global operations. Beginning in the third quarter of fiscal 2021, Valvoline will manage its business through two operating segments: Retail Services, which renames the former Quick Lubes segment, and Global Products, which includes the operations of the former Core North…

Phoenix Petroleum to sell PNX Lubricants in Indonesia

Photo courtesy of Phoenix Petroleum Phoenix Petroleum Philippines announced it will sell PNX Lubricants, the company’s market-entry product under its newly established overseas subsidiary Phoenix Petroleum Indonesia. Two years ago, the company announced its plan to invest in at least five countries in the Asia-Pacific region, including Australia, Indonesia, Myanmar, Thailand and Vietnam. “Indonesia currently has…

Afton launches world’s first e-transmission fluid additive

Image courtesy of Afton Chemical U.S. additive maker Afton Chemical announced the launch of the world’s first electrified transmission fluid (ETF) additive created for direct-cooled electric motors with multi-speed systems. HiTEC® 35701 was rolled out earlier to original equipment manufacturers (OEMs) and oil marketer customers. Part of Afton Chemical’s eMobilty additive range, “this product is…

Croda reviewing whether to divest its lubricants portfolio

Photo courtesy of Croda UK-based specialty chemical company Croda International said it is strategically reviewing its Performance Technologies and Industrial Chemicals (PTIC) businesses. Croda’s lubricants portfolio, under its Energy Technologies unit, forms part of its Performance Technologies business. Personal Care, Life Sciences and Performance Technologies roughly represented one-third each of Croda’s group revenues in 2020. Industrial Chemicals…