- In November 2023, IMCD China’s acquisition of Guangzhou RBD Chemical marked a significant milestone in the Chinese industrial sector, enhancing IMCD’s position in the lubricant additives market. RBD’s 20-year expertise in South China’s lubricants industry strengthens IMCD’s reach, with the deal expected to close in Q1 2024, leading to a transformative collaboration for both companies
- In November 2023, Trecora LLC’s acquisition of Chemtrade’s Lubricant Additives Business strengthened its specialty chemical division and expanded its portfolio. This strategic move allows Trecora to meet the evolving demands of the lubricant additives market, positioning the company for further growth while demonstrating the industry’s emphasis on adaptability, collaboration, and innovation in an increasingly competitive market
- In May 2022, BASF SE made a strategic move by doubling its production capacity for Irganox at its Jurong Island facility in Singapore. This expansion significantly boosts the company’s lubricants additives business, reinforcing its portfolio in this growing market. The investment demonstrates BASF’s commitment to meeting increasing demands for high-performance additives and enhancing its global presence
- In October 2021, Umongo Petroleum (PTY) Ltd was appointed as Evonik's new distributor for lubricant additives in South Africa, expanding the reach of Evonik’s products in the region. This partnership marked a crucial step in Evonik’s efforts to increase its presence in South Africa, with Umongo’s extensive distribution network ensuring greater market penetration for lubricant additives
