Future prospects remain bright for ASEAN lubricants market despite pandemic

The ASEAN region accounts for about 8% of the global finished lubricants market. In comparison to developed markets, lubricants consumers in the Association of Southeast Asian Nations (ASEAN) member-countries are quite price sensitive, especially in the commercial automotive segment, where the use of monograde oils is still common. Low-quality, mineral-oil-based lubricants are still used in…

Gryphon Investors acquires iconic penetrating oil brand

Photo courtesy of Kano Laboratories Gryphon Investors, a leading middle-market private equity firm, has acquired Kano Laboratories, a market leading producer of iconic, branded penetrating oils and lubricants sold into industrial maintenance, repair, and operations (MRO) and consumer markets. Gryphon intends to build a leading platform in the branded specialty chemicals sector. This represents the…

Fuchs studying thickener and binder from nature

Photo courtesy of Fuchs Thickeners and binders are essential for the production of modern lubricants. However, petroleum-based products are generally used for this purpose. Since October 2017, Fuchs and three partners from the chemical and biotechnology industries have been researching a more environment-friendly alternative. The project, which is supported by Germany’s Federal Ministry of Education…