Shell Announces Price Increase

The First Major to Move

For those who read the issue of JobbersWorld published on Friday, January 12th, it’s clear that at least two lubricant manufacturers were working their financial spreadsheets and evaluating various courses of action to address the base oil and additive price increases taking effect this month. This became clear only hours after we published that issue when Cam2 announced a price increase. See JW Evening Edition  – Jan-12. Next was Shell.

SOPUS Products (Shell Lubricants) announced today that it will increase the price of its finished lubricants by up to 5%. The increase goes into effect on February 19, 2018. Shell attributes the move to increasing costs of raw material and delivery of its products.

Lube-Tech Auto Parts, LLC Merges with Mighty Auto Parts Distribution Franchise

Lube-Tech Expands Customer Offering in the Green Bay & Appleton, WI Market

Lubetech2Lube-Tech & Partners announced a merger between Lube-Tech Auto Parts, LLC (a division of Lube-Tech & Partners, LLC) and Mighty Auto Parts franchise of Greenville, WI. Under the terms of the agreement, Lube-Tech & Partners now has an exclusive license to distribute Mighty automotive products throughout all of Wisconsin and most of Iowa and Minnesota.

Founded in 1963, Mighty Distributing System of America is a Norcross, Georgia-based franchisor with 109 distributors in 44 states and four international markets. Mighty is a premier supplier of high quality aftermarket products and inventory control services exclusively to automotive professionals. The Mighty partnership provides Lube-Tech with additional products and services to deepen relationships with new car dealers and automotive service centers. Lube-Tech automotive customers in the northeastern WI market will now have access to Mighty’s signature inventory management services and full range of preventive maintenance products including filtration, wipers, lighting products, batteries, brakes, belts, shop supplies and chemicals.

Mighty Merger Signing

(Left: Dave Berlick – Mighty Auto Parts Greenville, WI franchise owner; Right: Andrew Haag – Lube-Tech Automotive Market Manager)

“The Mighty partnership expands the offering of products and services we bring to our customers in the Wisconsin Fox Valley marketplace,” says Dave Stascavage, Lube-Tech & Partners President. “Mighty allows us to increase customer value by helping customers become more profitable and proficient as providers of automotive maintenance services. In addition to helping customers realize cost savings through improved inventory management, we are also able to offer high-quality preventive maintenance products.”

“The synergies between Mighty and Lube-Tech & Partners provide us with a complete product offering to better service the automotive aftermarket”, says Dave Berlick, owner of the Mighty Auto Parts Greenville franchise. “We look forward to the opportunity to better serve our customer base.”

Andrew Haag, Automotive Market Manager for Lube-Tech & Partners states, “We are very excited to bring on the talent of the entire Mighty Auto Parts team in Greenville. Their knowledge and expertise will be a great asset to our automotive customers in the Green Bay and Appleton area, as well as the rest of our sales team.”

Lube-Tech remains committed to delivering “peace of mind” to its customers by providing solutions that help them improve performance and their bottom-line through consultative support and one-stop shopping for lubricants, chemicals, energy solutions, recycling, fluid handling equipment and automotive aftermarket products and inventory control services.

About Lube-Tech & Partners, LLC
Lube-Tech & Partners was formed in June 2016 by the founding companies of Boyer Petroleum (Des Moines, IA), Lubrication Technologies (St. Paul, MN), and Moore Oil (Milwaukee, WI). The merged organization has built upon the founders’ long history of an employee-centric, customer-focused approach to business. As the Midwest’s go-to resource for advanced lubrication and energy solutions, Lube-Tech’s mission is to help customers accelerate their performance – from their engines and equipment to their bottom line – while continuously improving employees’ lives and investing in the community. Based in St. Paul, MN, Lube-Tech & Partners has operations in Iowa, Minnesota, and Wisconsin and serves commercial, automotive and industrial customers. The company produces and distributes millions of gallons of lubricants and chemicals and employs over 200 people. For more information, visit www.lubetech.com.

About Mighty Distributing System
Mighty Distributing System, a franchisor of sales and services in aftermarket auto parts, is headquartered in Norcross, Georgia and supports 109 distributors in 44 states and four international markets. The Mighty System features attentive local service, inventory management expertise, classroom and on-site training in conjunction with extensive offerings of OE quality underhood and undercar parts, chemical products, lubricants and shop supplies. The Mighty business model attracts independent repair shops, quick lubes, tire centers and new car dealerships across the nation and abroad. Recognized as a “top 25 franchise brand” by The Wall Street Journal, Mighty’s unique approach of dealing directly and exclusively with automotive professionals began in 1963.

The FTC Issues Advance Notice of Proposed Rulemaking; Request for Public Comment on Recycled Oil Rule

 The Federal Trade Commission (FTC) requests public comment on the overall costs, benefits, and regulatory and economic impact of its rule specifying Test Procedures and Labeling Standards for Recycled Oil.

The Recycled Oil Rule contains testing and labeling requirements for recycled engine oil. The of the rule is to encourage used oil recycling, promote recycled oil use, reduce new oil consumption, and reduce environmental hazards and wasteful practices associated with used oil disposal.

CLICK FOR MORE

News On the Wire

Evening Edition: Cam2 announces a Price Increase

2018: Cam2 Announces Price Increase

For those who read the issue of JobbersWorld published only hours ago, it’s clear that at least one lubricant manufacturer was working their financial spreadsheets and evaluating various courses of action to address the base oil and additive price increases taking effect this month.

Cam2 announced today that it will increase the price of its bulk and packaged lubricants and greases by 6 to 10%. The increase goes into effect on February 5, 2018.

ELM’s Biobased Lubricants Debut in Japan

Environmental Lubricants Manufacturing, Inc., a leading US manufacturer of biobased grease and lubricants, announced on January 9, 2018 an exclusive distributor agreement with Chugoku Kogyo Co., Ltd., Hiroshima, as nationwide distributor of ELM products. Prior to this venture, the two companies invested time studying the Japanese lubricants market potential for biobased grease and lubricants in Japan. ELM and Chugoku Kogyo engineers also spent time at each other’s sites for training and information exchange in Iowa and in Hiroshima.

“We found the Chugoku Kogyo management team is committed to environmental stewardship and is determined to sell, and eventually transfer biobased technologies to Japan,” said Dr. Lou Honary, ELM Chairman and President. Additionally, as a respected lubricant manufacturer and supplier in Japan, Chugoku Kogyo Co., Ltd., has a salesforce and the resources in place to deliver biobased products efficiently within diverse Japanese markets.”

ELMPhot

Mr. Ryuichi Sakai, President and CEO of Chugoku Kogyo Co., states that “…ELM’s history of biobased lubricants technology, originating from university based research, and their revolutionary microwave based process adds credence to ELM’s ability to support the needs of Chugoku Kogyo clients. Our goal is to work cooperatively toward selling and eventually manufacturing ELM’s biobased products in Japan.”

Both executives believe Japan’s market is ready for biobased products. While there is awareness of environment friendly products, concerns over cost and performance have hindered progress so far. ELM’s patented microwave based grease processing has reduced the cost of biobased greases to parity with their mineral oil counterparts. ELM’s biobased grease products meet some of the most stringent industry standards including the NLGI LB and GC-LB ratings. With the marketing and sales resources of Chugoku Kogyo Co., it is expected that biobased grease and lubricants products will become a growing commodity in Japan.

About ELM:
Founded in 2000 by Professor Lou Honary and the University of Northern Iowa (UNI) Research Foundation to market biobased lubricants and grease technologies transferred from the University’s National Agriculture-Based Lubricants Center (UNI-NABL); also founded by Honary in 1991. In 2014, Honary retired from the University to manage ELM full time. A leading manufacturer of biobased greases in the US, ELM uses a unique patented microwaved-based grease process to manufacture biobased greases along with a wide array of liquid lubricants. Currently headquartered in an 87,000-sq. ft. facility in Grundy Center, Iowa, the company is privately owned and markets its products primarily via established petroleum lubricant manufacturers and distributors under private label and ELM brand: www.elmusa.com

About Chugoku Kogyo Co., LTD.:
Founded in 1940 in Hiroshima, Japan, the company prides itself with its strict quality control and has Japanese Industrial Standards (JIS) certification for engine oils, turbine and gear oils. The company is privately owned and services the racing industry, construction, agriculture and forestry, die-casting, metalworking, concrete mold, and transformer industry. Headquartered in Hiroshima, Chugoku Kogyo has additional sales offices in Tokyo, Osaka, Hiroshima and Fukuoka, Manufacturing plants are Hatsukaichi and Saiki in Hiroshima. Product brands include Seahorse, Daytona and Daytona Pro Spec for Racing. www.chugoku-kogyo.com/en/

New VANGUARD™ Synthetic Oil Provides Improved Small Engine Protection, Even in Extreme Environments

A new synthetic oil has taken the commercial small engine protection game to the next level. Briggs & Stratton Corporation introduces Vanguard™ Full Synthetic 15W-50 Engine Oil – a high performance engine oil that provides superior protection for the most demanding lawn and garden applications. From its ability to handle extreme heat and cold with ease to its extended oil life, Vanguard Oil may just become the next must-have for every garage and storage shed.

“Commercial-focused turf cutters push their small engines to the max, operating for hours on end,” says Carissa Gingras, director of marketing, global support. “These continuous, tough conditions demand maximum protection in order to optimize engine performance and minimize the profit-robbing impact of downtime.”

Vanguard Oil is a full synthetic engine oil, making it a high performance solution for engine protection. It also provides longer oil life compared to a semi-synthetic or mineral-based oil product. The zinc ingredient provides anti-wear protection from metal engine components and a high quality detergent ensures lower engine deposits as it wears.

Even in the most demanding environments, Vanguard Oil delivers. It is suitable for use in outdoor temperatures up to 130°F, providing maximum protection in hot summer months. Cold starting properties go as low as 20°F ensuring easy starting in late fall months.

Vanguard Oil is warranty-certified and suitable for use in air-cooled 4-cycle small engines. It is recommended for use in lawn and garden equipment and pressure washers, and is especially effective in continuous use commercial and/or industrial equipment such as zero-turn riders, lawn tractors, stand-on mowers and wide-area-walk mowers.

Source: Briggs & Stratton

2018: Off to an Interesting Start

The Year is Off to an Interesting Start

Additive and Now Base Oil Increases

As discussed in the December 27th issue of JobbersWorld, the big four lubricant additive manufacturers recently announced price increases in the range of 5 to 8%. The increases impact the cost of both VI and DI additives and when taken together, they bump the cost of goods to manufacturer motor oils up by roughly 8 to 10 cents per gallon (cpg). Likewise it increases the cost of most other lubricants at amounts dependent on the product types, treat rates and other variables. But there is more.

In addition to additive price increases, the new year also started off with announced increases in the price of base oil. Although additional increases are likely, those already announced in 2018 move the price of some of the workhorse base oils up by close to 10 cents a gallon.

With the price of both base oils and additives going up at roughly the same time and collectively adding at least another 20 cpg to the cost of good, you can be sure lubricant blenders and marketers are working their spreadsheets and evaluating various courses of action. And beyond taking into account the higher price of base oil and additives, you can be sure increases in packaging, transportation costs and others are also being reviewed.

So once again, hang on to your hats, 2018 looks like it’s off to an interesting start.

New CITGO CEO Arrives in Houston

CITGO President and CEO Asdrúbal Chávez conducted his first corporate meeting yesterday with top senior executives and management to review the Company’s 2017 results, including the record-setting safety performance and operational achievements.

Building on this momentum into 2018, CITGO will continue to emphasize excellence in all aspects of its operations to enhance competitiveness within the oil industry and support the hundreds of locally owned and operated marketers and retailers across the United States. Mr. Chávez, a chemical engineer, arrives at the CITGO headquarters in Houston with more than 30 years of industry experience and plans to unveil his vision for the future of the Company over the coming months.

About CITGO
CITGO Petroleum Corporation, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by CITGO Holding, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. For more information, visit www.CITGO.com.

Source: CITGO

BP and Castrol Announce Extension of Global Strategic Partnership With Volkswagen Group

BPCASTROLVWPICBP and Castrol announced the renewal of their successful 17 year global strategic partnership agreement with Volkswagen Group for the supply of fuels and lubricants globally.

The agreement covers Volkswagen PC, Audi, Seat Skoda and Volkswagen LCV. Within the partnership a new Castrol and Volkswagen jointly branded engine oil has been co-engineered with Volkswagen group and will be launched soon. As technology partners, the two companies will continue their close collaboration in joint research and development to improve fuel efficiency and generate innovative future mobility solutions.

Oliver Rose, VP BP Global Accounts said: “For 17 years we have had an extremely successful partnership with the Volkswagen Group. We will continue working together to ensure the millions of drivers of Volkswagen Group vehicles get the best performance and protection.”

Commenting on the agreement, Imelda Labbé, head of Volkswagen Group After Sales worldwide said: “Volkswagen has had a long and successful partnership with Castrol. This powerful combination of our brands will reinforce the natural fit of our high quality standards and reputation. We are delighted to extend this partnership and look forward to working together.”

Source: Castrol

Sayle Oil Recognized as Master Certified Distributor

Sayle Oil was recently recognized by Shell Lubricants as a Master Certified Distributor. This designation signifies Sayle Oil’s loyalty to the Shell brand and the relationship the two companies share. Sayle says, “It is more than just a title. This new designation comes after years of growing in our target markets. Because we are the only Master Certified Shell distributor in our area, we can better serve our customers and continue to stay on top of the dynamics in the transportation industry.” Click for More

About Sayle Oil Company
For over 70 years, Sayle Oil Company has been the leading distributor of lubricants, fuels, and propane in the mid-South. The company offers a vast range of products in a multitude of applications including agriculture, industrial, transport, and consumer. Sayle Oil has the capabilities and resources to service your company – from product delivery to equipment inspection and oil analysis – as well as everything in between. This full spectrum of products and services makes us your ONE STOP SHOP for all things petroleum.

Coolants Plus Acquires Scot Lubricants

STARFIRE Parent Coolants Plus Acquires Pennsylvania Blending and Packaging Facility 

STARFIRE logoCoolants Plus, the parent of STARFIRE branded products and one of the fastest growing oil companies in North America, announced the purchase of Scot Lubricants, Inc, a blending and packaging facility in eastern Pennsylvania. The new Coolants Plus facility, to be named PennStar, houses 250,000 square feet of production space, 750,000 gallons of tank storage and a state-of-the-art testing lab, giving Coolants Plus and the STARFIRE brand more control over manufacturing, quality assurance and greater flexibility in production and packaging.

This acquisition not only establishes STARFIRE as a major player in the lubricants sector, but also adds capacity to blend and package more of its STARFIRE branded lubricants. The Ohio-based company has launched several new products in the past 12 months and expects to continue its growth and product line expansion in 2018.

“This is a major step in our mission to make STARFIRE the preferred choice of consumers globally,” said Coolants Plus President and CEO Kurt Deimer. “This facility ensures we’ll continue to deliver on our promise of the highest quality products at a competitive price.”

Located in Northampton, Pennsylvania, the plant expands on Coolants Plus’ nationwide distribution channel and will provide additional access and support to their distributors and customers. A fleet of PennStar trucks will also ensure that customer’s delivery expectations are met.

“It’s an exciting time for Coolants Plus,” said Darrin Ward, COO. “This is a continuation of the growth we’ve already accomplished with the STARFIRE brand and underscores our commitment to our STARFIRE distribution network.”

For more information, see STARFIRE1.com.

Lubricant Additive Prices on the Rise

Hang on to Your Hats – The New Year Starts off With Lubricant Additive Price Increases 

Afton Chemical was the first major additive company to recently move prices up when it announced on November 17th that it will increase the price on the majority of its performance additives by 5 to 7%. The increase went into effect December 15, 2017. Afton attributed the increase to the higher cost of raw materials and increases in transportation cost.

Others soon followed…

Lubrizol announced on December 19th it will implement a general price increase across all of its lubricant additive products effective February 1, 2018. The increase is reportedly driven by higher raw material and operating costs (including transportation, testing and labor). The amount of the increase are said to be product specific.

Infineum also announced on December 19th that it will implement a price increase.  The increase is effective January 10, 2018 and will move the price of most of Infineum’s additive products up by 5 to 8%. Infineum attributes the increase to the escalating cost of raw materials and the higher cost required to maintain consistent supply.

MidContinental Chemical Company (MCC) announced on December 20th that it will implement a price increase for Chevron Oronite, OLOA, and Paratone branded additives. This increase is effective on orders shipped on or after January 22, 2018. MCC attributes the increase to the recent increases in the cost of feed stocks, raw materials, intermediates, and higher transportation costs.


PIC11142017Rev2In addition to the higher cost of raw materials, another common thread among the additive price increases is the impact the higher cost of transportation is having on the industry. It’s important to consider that the cost to transport goods in the US increased significantly in 2017 and little relief is expected in the upcoming year.

In addition to driving up the cost of lubricant and fuel additives, higher freight costs have been a key factor in pushing up the price of finished lubricants in 2017. In fact, a number of lubricant blenders have reported that the cost to transport product has moved up 30 to 35% since the start of 2017.  See the November 15th issue of JobbersWorld for more about the factors driving up the price of finished lubricants. CLICK FOR MORE

RelaDyne Recognized As Chevron’s Top Distributor, UPS adds Electric

RelaDyne Recognized As Chevron’s Top Distributor

Every year, Chevron continues its tradition of its Medalist Program. The Medalist Program awards U.S. and Canadian 1st Source Marketers for Chevron lubricants product purchases and growth over a 12-month period. This year’s program calculated both purchased volume and percentage growth between July 1, 2016 – June 30, 2017.

RelaDyneChevron

As direct acknowledgement of RelaDyne’s exponential growth and strong partnership with Chevron, RelaDyne has been awarded the two highest awards of the Chevron Medalist Program.

The Eagle Award, a very prestigious award only awarded to the top overall performing marketer, was awarded to RelaDyne, recognizing the company as the top Chevron Lubricants Marketer across U.S. and Canada. The Eagle Award exhibits the importance of both RelaDyne and Chevron’s business to one another. The growth that has qualified RelaDyne to receive this award is a direct result of RelaDyne’s motivated, top tier sales team and the support and strategic alignment with Chevron.

The Gold Award is presented to the marketer with the highest number of points in each of the Chevron business areas. RelaDyne was awarded the Gold Award as one of the marketers with the highest number of points regardless of business area, demonstrating RelaDyne’s continuous efforts to prioritize and align its sales goals with all of Chevron’s product lines and remaining impartial to any one product category.

UPS Pre-Orders 125 Tesla Electric Trucks

Photo source: Jordan Adkins /shutterstock.com

UPS announced today that it has preordered 125 Tesla electric trucks. This announcement comes on the heels of an announcement earlier this month that PepsiCo will order 100 electric semi trucks. Others who have also recently announced commitments to add Tesla electrics to their truck fleets include, Wal-Mart, J.B. Hunt, and Sysco Corp.

UPS which operates one of the largest commercial trucking fleets in the world, today announced it has placed a reservation for 125 of Tesla’s new fully-electric Semi tractors. The new tractors will join UPS’s extensive alternative fuel and advanced technology vehicle fleet, comprised of trucks and tractors propelled by electricity, natural gas, propane and other non-traditional fuels.

Photo source: Brian S /shutterstock.com

“For more than a century, UPS has led the industry in testing and implementing new technologies for more efficient fleet operations. We look forward to expanding further our commitment to fleet excellence with Tesla,” said Juan Perez, chief information and engineering officer. “These groundbreaking electric tractors are poised to usher in a new era in improved safety, reduced environmental impact, and reduced cost of ownership.”

UPS has provided Tesla real-world UPS trucking lane information as part of the company’s evaluation of the vehicle’s expected performance for the UPS duty cycle. UPS frequently partners with suppliers of emerging vehicle technologies to help them develop solutions that prove ready for stringent UPS use-cases.

Tesla’s Semi tractor claims up to 500 miles range on a single charge, an unparalleled cabin experience for drivers, enhanced on-road safety and significantly reduced long-term cost of ownership. Safety features include: automatic emergency braking, adaptive cruise control, automated lane guidance, and brake-by-wire and steer-by-wire with redundancy. Tesla’s driver-assistance features have been found by the U.S. government to reduce crash rates by 40%. Tesla expects to begin production of the vehicles in 2019 and UPS will be among the first companies to put the vehicles into use.

UPS’s preorder of Tesla vehicles complements and advances the company’s overall commitment to reduce its absolute greenhouse gas (GHG) emissions from global ground operations 12 percent by 2025, a goal developed using a methodology approved by the Science Based Targets initiative.

UPS has established a goal for 25 percent of the electricity it consumes to come from renewable energy sources by 2025. In addition, by 2020 UPS plans that one in four new vehicles purchased annually will be an alternative fuel or advanced technology vehicle, up from 16 percent in 2016.

The company also set a new goal that by 2025, 40 percent of all ground fuel will be from sources other than conventional gasoline and diesel, an increase from 19.6 percent in 2016.

The company operates one of the largest private alternative fuel and advanced technology fleets in the U.S., and more than 8,500 vehicles throughout the world. This includes all-electric, hybrid electric, hydraulic hybrid, ethanol, compressed natural gas (CNG), liquefied natural gas (LNG), propane, and renewable natural gas (RNG)/biomethane.
Source: UPS

PEPCO IS NOW A SHELL LUBRICANTS MASTER CERTIFIED DISTRIBUTOR

PEPCO announced that as of December 1, 2017, it will be providing Shell Lubricants products at their locations.

After much deliberation and careful consideration, Pepco has agreed with Shell Canada Products (Shell Lubricants) to make Shell®, Pennzoil® and Quaker State® lubricant products available in all Pepco locations from Northern Ontario to Southern Nova Scotia.

“We’re very excited about this addition to Pepco’s product line as it will only enhance Pepco’s strategic growth to ensure our sustainability for our valued customers and teammates,” said Charles Higgins, VP Sales & Marketing. “Becoming a Master Certified Distributor allows the entire Pepco family to have access to all Shell products from Hearst, Ontario to Cape Breton, Nova Scotia.”

For more information, visit www.pepco.ca.

BASF Increases Prices

BASF increased the prices of its base stocks, lubricant oil additives, and finished lubricants by 5 to 9% globally as of December 1, 2017.

Round 3: Price Increase Summary

The following is a summary of the price increases JobbersWorld reported on for the third round of price increase is 2017

Lubricant Manufacturers Round 3

Company Announced
Date
Effective
Date
Increase
Kleen Performance Products 9/6/2017 9/6/2017 60 to 80 cpg
ExxonMobil 10/20/2017 11/20/2017 up to 6%
Chevron 10/24/2017 12/4/2017 up to 6%
Warren Oil 10/25/2017 11/17/2017 4% to 9%
Chemlube 10/26/2017 11/20/2017 20 to 25 cpg
Advanced Lubrication Specialties (ALS) 10/26/2017 11/13/2017 6 to 10%
CAM2 10/26/2017 11/15/2017 4 to 9%
Smitty’s Supply 10/26/2017 11/15/2017 20 cpg Bulk
25cpg Packaged Lubricants
3cpp Packaged Greases
Phillips 66 10/27/2017 12/1/2017 6%
Nu-Tier Brands 10/27/2017 11/17/2017 up to 6%
Sinclair Lubricants 10/27/2017 12/11/2017 up to 6%
Old World Industries 10/30/2017 11/13/2017 up to 8%
Warren Distribution 10/31/2017 11/27/2017 6 to 9%
Allegheny Petroleum   10/31/2017  11/8/2017 30 cpg
Petro-Canada 10/31/2017 12/1/2017 up to 6%
Valvoline 11/1/2017 12/1/2017 up to 5%
D-A Lubricant 11/1/2017  12/1/2017 up to 6%
CITGO 11/2/2017 12/4/2017 4 to 8%
SOPUS/Shell  11/6/2017 12/11/2017 up to 6%
BP Lubricants/Castrol (including industrial)  11/7/2017  12/11/2017 up to 6%
Total 11/9/2017 12/11/2017 up to 6%
Amalie 11/17/2017 12/16/2017 32 cpg Oil and Automotive Chemicals, 4 cpp greases
DuBois Chemicals 11/30/2017 1/1/2018 3 to 7% Industrial products and services
Reliance Fluid Technologies (RFT)  12/1/2017 12/1/2017 approx. 6%
Pinnacle Oil 11/15/2017 5 to 7%

PriceIncrease12112017Big

Phillips 66 Unveils Four New FA-4 & CK-4 Products

Phillips 66® Lubricants Develops Leading Edge, Low Viscosity Diesel Engine Oils to Support Modern Engines

Four New FA-4 & CK-4 Products Unveiled

Phillips 66 and Kendall® announced today that it will add their most advanced diesel engine oils yet to their proven heavy-duty product portfolio. The company says these new 5W-30 full synthetic oils will deliver additional benefits to diesel trucks by increasing fuel savings without sacrificing engine protection. While 15W-40 and 10W-30 viscosity oils are common in on-the-road trucking, the industry is calling for lower viscosity oils that support the latest engine technologies to deliver maximum results.

“The unique properties of this new generation of low viscosity oil will most benefit trucks rolling off the assembly lines this year and in the future,” said Tony Negri, commercial products director at Phillips 66. “In addition to improving fuel economy, the new oils extend oil change intervals, and provide the enhanced wear protection that our customers have come to expect.”

Shawn Ewing, coordinator product technical services-commercial at Phillips 66, added, “Phillips 66 is committed to developing oils that support OEMs’ advanced technology and modern engine design, reduce emissions and offer performance benefits to fleets. We’ve spent the past four years testing and formulating these four new products to ensure they meet and exceed specifications from the major OEMs.”

CLICK FOR MORE

Two More Price Increases

Reliance Fluid Technologies (RFT) announced at the start of the month that it would immediately increase the price of its finished lubricants by approximately 6%. The increase was effective December 1, 2017.

DuBois Chemicals announced on November 30, 2017 that it will increase the prices on its industrial products and services by 3 to 7%. The increase is effective January 1, 2018. DuBois attributes the increase to the rising cost of alkaline, zinc, surfactant, transportation, and packaging. This will be the first price increase DuBois has made in several years.

For more on price increases, scroll down.

Launch of Asian Lubricant Manufacturers Union

 The Asian Lubricant Manufacturers Union (ALMU) launched on December 1, 2017 in Singapore. The brand-new trade association will serve the all-important Asian lubricant market — the fastest growing region for lubricant demand — and has appointed Enterprise Promotion Centres Pte Ltd (EPC), headed by Jan Tan, as Association Manager.

The ALMU represents the combined knowledge and expertise of lubricant manufacturers throughout the region, with goals of becoming the trusted voice for the Asian lubricants industry; supporting the development of high quality lubricants; and providing exceptional value to its membership organizations. The region in which ALMU shall operate includes East Asia, South Asia, North Asia, Southeast Asia and Oceania.

Prospective ALMU members include independent lubricant manufacturers, national oil companies & major oil companies, lubricant additive manufacturers, marketers and distributors, base oil manufacturers, marketers and distributors. Although members will primarily be from Asia, any organizations outside Asia that has business interests in the region are also welcomed to join.

EPC is a Singapore-based company set up in 1989 as an outcome of the SME Master Plan jointly formulated by the Singapore Economic Development Board and the relevant government agencies. EPC provides business facilitation as well as managed services to help companies promote growth and develop capability. EPC has particular expertise in association and event management services.

The first organizational meeting for the new ALMU will be held at the Four Seasons Hotel Macao, Cotai Strip on March 6, 2018. Among those present will be the presidents of the Independent Lubricant Manufacturers Association (ILMA) representing North America, UEIL representing Europe, and the Shanghai Lubricant Traders Association representing China. This event is by invitation only.

Round 3: Price Increase Summary

The following is a summary of the price increases JobbersWorld reported on for the third round of price increase is 2017

 

Lubricant Manufacturers Round 3

Company Announced
Date
Effective
Date
Increase
Kleen Performance Products 9/6/2017 9/6/2017 60 to 80 cpg
ExxonMobil 10/20/2017 11/20/2017 up to 6%
Chevron 10/24/2017 12/4/2017 up to 6%
Warren Oil 10/25/2017 11/17/2017 4% to 9%
Chemlube 10/26/2017 11/20/2017 20 to 25 cpg
Advanced Lubrication Specialties (ALS) 10/26/2017 11/13/2017 6 to 10%
CAM2 10/26/2017 11/15/2017 4 to 9%
Smitty’s Supply 10/26/2017 11/15/2017 20 cpg Bulk
25cpg Packaged Lubricants
3cpp Packaged Greases
Phillips 66 10/27/2017 12/1/2017 6%
Nu-Tier Brands 10/27/2017 11/17/2017 up to 6%
Sinclair Lubricants 10/27/2017 12/11/2017 up to 6%
Old World Industries 10/30/2017 11/13/2017 up to 8%
Warren Distribution 10/31/2017 11/27/2017 6 to 9%
Allegheny Petroleum   10/31/2017  11/8/2017 30 cpg
Petro-Canada 10/31/2017 12/1/2017 up to 6%
Valvoline 11/1/2017 12/1/2017 up to 5%
D-A Lubricant 11/1/2017  12/1/2017 up to 6%
CITGO 11/2/2017 12/4/2017 4 to 8%
SOPUS/Shell  11/6/2017 12/11/2017 up to 6%
BP Lubricants/Castrol (including industrial)  11/7/2017  12/11/2017 up to 6%
Total 11/9/2017 12/11/2017 up to 6%
Amalie 11/17/2017 12/16/2017 32 cpg Oil and Automotive Chemicals, 4 cpp greases
DuBois Chemicals 11/30/2017 1/1/2018 3 to 7% Industrial products and services
Reliance Fluid Technologies (RFT)  12/1/2017 12/1/2017 approx. 6%
Pinnacle Oil 11/15/2017 5 to 7%
Increase

CLICK TO ENLARGE

PriceIcrease12112017


Quick Stats for the Three Rounds of Price Increases in 2017
Days from the Start of Round 1 to the Start of Round 2 63 Days
Days from the Start of Round 2 to the Start of Round 3 205 Days
Average Price Increase for Round 1 5.79%
Average Price Increase for Round 2 5.75%
Average Price Increase for Round 3 6.28%

CLICK TO ENLARGE

PriceIncreaseTable12122017

CLICK HERE FOR A TIMELINE OF ALL THREE ROUNDS OF PRICE INCREASES IN 2017

PriceIncrease12112017Big

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