NLGI launches High-Performance Multiuse grease certification

Photo courtesy of Brugarolas, S.A. The National Lubricating Grease Institute (NLGI) announced the official launch of a new High-Performance Multiuse (HPM) Grease Certification. The well-known NLGI GC-LB Performance Classification has provided an internationally recognised grease specification for grease and bearing manufacturers, users and consumers since 1989. Although originally conceived as an automotive chassis and wheel…

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…