Add Two More to Round 3 and One More to Round 2 of Price Increases; Promotion of Gina Harm to President, Afton Chemical

Add Two More to Round 3 of Price Increases

CAM2 announced on May 18th that due to the continued increases in base oil, additives, and freight that it will be implementing a price increase of 4 to 9% on its bulk and packaged lubricants, greases, and brake fluid. The increase is effective June 16, 2018.

Smitty’s Supply announced on May 18th it will implement a 4 to 9% price increase on all its oils, fluids, greases, and brake fluid products effective June 16, 2018. Smitty’s attributes the increase to the continued increases of base oils, additives, and freight associated with the manufacturing and distribution of its products.

See the bottom of page for a complete table of all price increases reported by JobbersWorld in Round 3, 2018.

Add One More to Round 2 of Price Increases

D-A Lubricants announced on May 15, 2018, it will be implementing a price increase on its lubricants and greases by up to 10%. The increase goes into effect on June 11, 2018. D-A Lubricants attributes the price change to the rising raw material costs associated with manufacturing and distribution of its products.


Promotion of Gina Harm to President, Afton Chemical

NewMarket Corporation announced that Ms. Regina A. Harm has been appointed President of Afton Chemical Corporation.

JWQuote5212018Ms. Harm has over 30 years of experience in the chemical industry including 11 years with Afton Chemical. For the past 3 years, she has held the position of Senior Vice President and Chief Operating Officer of Afton Chemical. In this role, Ms. Harm was responsible for the procurement, engineering, manufacturing and logistics of Afton Chemical’s global product portfolio as well as Research and Development functions. Ms. Harm will replace Mr. Robert A. Shama who has been appointed Vice President of Strategic OEMs (Original Equipment Manufacturers) for Afton Chemical.

Mr. Teddy Gottwald, Chairman and CEO of NewMarket commented, “There is an exciting opportunity ahead as Gina embeds her extensive knowledge of the market, strong leadership skills and results driven mindset to accelerate our growth strategy. We remain focused on our long term objectives and I look forward to our continued success under Gina’s direction.”

NewMarket Corporation, through its subsidiaries Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.

Round 3 Lubricant Price Increase Summary

Company Announced Date Effective Date Increase
Sinclair Lubricants 5/8/2018 7/1/2018 10 to 12%
Sunoco 5/16/2018 6/16/2018 4 to 6%
Advanced Lubrication Specialties 5/16/2018 6/16/2018 4 to 6%
CAM2 5/18/2018 6/16/2018 4 to 9%
Smitty’s Supply 5/18/2018 6/16/2018 4 to 9%

 

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

Price Increases: Round 3

Price Increases: Round 3

uppricesChemlube announced today it will increase the price of its Savannah lubricants by $0.20 to $0.25 a gallon. These increases go into effect on November 20, 2017. Chemlube attributes the increase to the higher price of raw materials.

Advanced Lubrication Specialties (ALS) announced today that it will increase the price of its lubricants from 6 to 10%, effective November 13, 2017.

CAM2 announced today, a bulk and package price increase of 4 to 9% per gallon (depending on product). The increase is effective November 15, 2017. CAM2 says the increase is necessary due to the continuing increase in base oil prices.

Smitty’s Supply announced today a price increase of $0.20 a gallon for bulk, $0.25 a gallon for packaged lubricants, and $0.03 a pound for packaged greases. This increase is effective November 15, 2017.

Warren Oil announced on October 24, 2017 that it will increase the price of its finished lubricants and greases by 4 to 9%. The increase will be effective as of November 17, 2017 on orders placed on or after Monday, November 20, 2017. Warren attributes the price adjustment to the increased costs of base oils, additives, packaging and transportation.

ExxonMobil announced on October 20, 2017 that it will increase the price of its lubricants by up to 6% effective November 20, 2017. This increase is said to impact both branded and unbranded lubricants, including greases.

The first it what is now taking shape to be Round 3 in lubricant price increases for 2017 was announced by Kleen Performance Products on September 6, 2017. 

Champion Focuses on Mopar with 0W-40 Modern Muscle Motor Oil

4402H Modern Muscle 0W-40 ImageChampion Brands, LLC, a major player in development and manufacturing of racing and performance products, announced this week the unveiling of a new SAE 0W-40 premium full-synthetic motor oil specifically formulated to maximize the demands of today’s high performance street vehicles.

Champion Modern Muscle (CMM) SAE 0W-40 Motor Oil is an API SN licensed viscosity recommended for Dodge Viper 8.4L, Dodge Challenger 6.4L, Dodge Charger 6.4L, Additional Modern Dodge Hemi Motors, Jeep 6.4L, Nissan GTR 3.8L, and others, plus OEM / Engine Builder “Crate Motors” requiring a high performance 0W-40 viscosity.

CMM Motor Oils will provide outstanding levels of fuel economy performance, cleaning power and engine protection, even during extended oil change intervals. These high-performance oils are proven to significantly reduce wear and viscosity breakdown due to advancements in additive engineering.

CMM Motor Oils utilize Champion’s “Blue E.T.®” (Enhanced Technology) racing additive, and Champion’s TVS® (Thermal Viscosity Stabilizer) performance additive. These proprietary technologies deliver unmatched film strength at high temperature, better piston ring seal for maximum compression, and increase horsepower and torque in most engines.

These premium mixtures of synthetic base fluids and additives provide maximum durability and protection from wear and viscosity breakdown by including special lubricity modifiers, and premium anti-wear additives This unique robust formulation enables CMM Motor Oils to outperform all leading high performance synthetic oils.

About Champion Brands, LLC
Champion Brands, LLC, is a globally recognized industry leader in specialty lubricants for over 60 years. Champion also produces and blends over 350 products including fuel, oil, engine additives, and lubricants for the racing, automotive, heavy truck, agricultural, industrial, and specialty markets. For more information call Champion at 660-890-6231. Champion Brands, LLC; 1001 Golden Drive, Clinton, MO, or go to http://www.championbrands.com

Source: Champion Brands, LLC

CAM2 Responds

CAM2 Responds to JobbersWorld’s Earlier News Today “Colorado LV I, LLC. (dba CAM2 International, LLC.) Filed for Bankruptcy”

CAM2pdfImage

In response to today’s JobbersWorld news “Colorado LV I, LLC. (dba CAM2 International, LLC.) Filed For Bankruptcy,” (See Below) CAM2 contacted JobbersWorld to provide the following information about CAM2’s relationship with Colorado LV I, LLC.

CLICK ON IMAGE FOR CAM2’s RESPONSE

Colorado LV I, LLC. (dba CAM2 International, LLC.) Filed For Bankruptcy

Colorado LV I, LLC filed for Chapter 7 Bankruptcy

Colorado LV I, LLC. (dba CAM2 International, LLC.) filed for Chapter 7 Bankruptcy on March 4, 2016 in the United States Bankruptcy Court for the District of Colorado. According to the filing, although the company had $182 million in gross revenue for the fiscal year 2013, its gross revenue from business in 2015 was $0.00. More to come.

Price Increase Summary

Below is a summary of the recent round of lubricant price increases. In light of the lead story above, it’s interesting to see that CAM2 announced two price increases after the date it filed for Chapter 7 Bankruptcy.

June292016PriceIncrease

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