Latest news with #lubricants
Arab News
2 days ago
- Automotive
- Arab News
Al-Jomaih & Shell renews partnership with Yelo
Al-Jomaih and Shell Lubricating Oil Company has announced the renewal of its strategic partnership with Al-Wefaq Transportation Solutions, or Yelo, one of Saudi Arabia's top vehicle rental companies. The renewed agreement will ensure the continued supply of Shell's premium lubricants to support Yelo's rapidly growing fleet operations across the Kingdom. The agreement, signed in Riyadh, aligns with the goals of Saudi Vision 2030, which emphasizes innovation, sustainability, and sectoral growth in the Kingdom's transportation and mobility industry. This agreement reflects a shared commitment to the highest service standards, operational efficiency and fleet optimization. It also supports the performance of Yelo, which operates a fleet of more than 33,000 vehicles through a network of 90 car rental branches. Yelo relies on advanced, high-performance lubrication solutions to maintain vehicle quality, reduce downtime and enhance resale value, all core to the company's customer promise and growth strategy. Saher Hashem, CEO of Al-Jomaih and Shell Lubricating Oil Company, expressed his delight in extending the collaboration with Yelo, affirming that the company is a model of innovation and reliability in the mobility sector. He said: 'This renewal reinforces the strength of our relationship and reflects our shared focus on sustainability, outstanding performance, and delivering long-term value through Shell's leading lubrication technologies.' Hamad Al-Humaid, CEO of Al-Wefaq Transportation Solutions, emphasized the importance of reliable partnerships in delivering an exceptional customer experience and maintaining fleet efficiency and performance quality. He said: 'Our partnership with Al-Jomaih and Shell Lubricating Oil Company has consistently proven valuable in optimizing operational efficiency, reducing maintenance costs, and ensuring our vehicles are always in top condition.' Shell lubricants play an important role in supporting our ambitious growth and commitment to excellence, and we look forward to building on this strong foundation.'
Reuters
5 days ago
- Business
- Reuters
Vibra started talks to buy Cosan's lubricants arm, Brazil Journal reports
SAO PAULO, July 17 (Reuters) - Brazilian fuel retailer Vibra ( opens new tab began talks with conglomerate Cosan ( opens new tab to buy Cosan's lubricants arm, Moove, news outlet Brazil Journal reported on Thursday, citing sources familiar with the matter. The talks were sparked by a minority shareholder, European private equity firm CVC Capital Partners ( opens new tab, expressing interest in selling its stake, Brazil Journal said, adding that Vibra has also shown interest in buying 100% of the company. However, talks stalled, it added, saying that according to a source, controlling shareholder and chairman Rubens Ometto has no interest in selling his stake. Last year, Cosan scrapped a planned initial public offering (IPO) for Moove in the United States. In a securities filing, Cosan said there was no agreement, commitment or document signed for a deal, adding that any talks held by the company are non-binding. Cosan also said that it has been approached by various market participants regarding potential alternatives involving its assets. In a separate filing, Vibra said weighing business opportunities is part of its regular activities, while also noting that no agreement, commitment or binding document was signed. Moove declined to comment. CVC did not immediately respond to requests for comment outside normal business hours.
Yahoo
5 days ago
- Business
- Yahoo
Brazil's Vibra started talks to buy Cosan's lubricants arm, media reports
SAO PAULO (Reuters) -Brazilian fuel retailer Vibra began talks with Brazilian conglomerate Cosan to buy Cosan's lubricants arm, Moove, local news outlet Brazil Journal reported on Thursday, citing sources familiar with the matter. The talks were sparked as a minority shareholder, European private equity firm CVC Capital Partners, expressed interest in selling its stake, Brazil Journal said, adding that Vibra has also shown interest in buying 100% of the company. However talks stalled, it added, saying that according to a source, controlling shareholder and chairman Rubens Ometto has no interest in selling his stake. Last year, Cosan scrapped a planned initial public offering (IPO) for Moove in the United States. Cosan, Vibra, CVC and Moove did not immediately respond to requests for comment outside normal business hours. Sign in to access your portfolio
Reuters
5 days ago
- Business
- Reuters
Brazil's Vibra started talks to buy Cosan's lubricants arm, media reports
SAO PAULO, July 17 (Reuters) - Brazilian fuel retailer Vibra ( opens new tab began talks with Brazilian conglomerate Cosan ( opens new tab to buy Cosan's lubricants arm, Moove, local news outlet Brazil Journal reported on Thursday, citing sources familiar with the matter. The talks were sparked as a minority shareholder, European private equity firm CVC Capital Partners ( opens new tab, expressed interest in selling its stake, Brazil Journal said, adding that Vibra has also shown interest in buying 100% of the company. However talks stalled, it added, saying that according to a source, controlling shareholder and chairman Rubens Ometto has no interest in selling his stake. Last year, Cosan scrapped a planned initial public offering (IPO) for Moove in the United States. Cosan, Vibra, CVC and Moove did not immediately respond to requests for comment outside normal business hours.
Associated Press
6 days ago
- Automotive
- Associated Press
Reshaping Global Lubricant Supply Chains: Trump-Era Tariffs Driving Industry Pivot Toward Asia
SINGAPORE - Media OutReach Newswire - 17 July 2025 - With the global lubricants industry still adjusting to the lasting impact of U.S. trade policy enacted during the first presidential term of U.S. President Donald Trump, supply chains are undergoing dramatic shifts—and Asia is solidifying its role as the sector's global hub. Asian Lubricant Exhibition 2025 While the U.S. tariffs primarily targeted a broad range of Chinese industrial chemicals under Section 301, some specialty additives used in lubricant formulations were affected. In response, U.S. manufacturers have faced increased costs, sourcing uncertainties, and production delays, prompting a re-evaluation of procurement strategies. These disruptions have had ripple effects across the automotive, industrial, and specialty lubricant markets worldwide. Strategic Realignment: From the West to the East As regulatory complexity and economic uncertainty mount in the U.S. and European markets, many lubricant producers, OEMs, and blenders are redirecting investment and operational focus toward Asia. The region already accounts for the world's largest share of lubricant demand and continues to post some of the fastest growth, driven by expanding industrialization and vehicle ownership. Asia's strong manufacturing base, growing consumer markets, and expanding infrastructure for lubricant production make it an attractive destination for global expansion. Companies are deepening their presence in countries such as China, India, Malaysia, and Singapore—tapping into local production advantages, aligning with regional OEMs, and building supply chain resilience. The Asian Lubricant Exhibition 2025: Spotlighting the Industry's Transformation The challenges—and potential advantages—of this strategic global shift will take center stage at the Asian Lubricant Exhibition 2025, held September 9–11 at the Suntec Singapore Convention & Exhibition Centre, Hall 403, Level 4. As Asia's only dedicated trade show focused on the lubricants value chain, the event provides a timely platform for addressing trade disruptions, supply chain realignment, and emerging opportunities across the region. The exhibition and exhibitor presentations are open to the public, free of charge. Pre-registration is highly encouraged to be eligible for door prizes and exclusive onsite offers. Co-hosted by the Asian Lubricants Industry Association (ALIA) and F&L Asia Ltd., the three-day event brings together global players navigating today's volatile landscape—from base oil producers and additive specialists to blending, packaging, quality and compliance services, logistics, and end-user service providers. With over 60% of booths already sold, and exhibitors including ExxonMobil, Chevron Oronite, CPC Corporation, Kangtai Lubricant Additives, Kemipex, Patech, Huntsman, Master Fluid, Axel Christiernsson, Metal-Chemie, ML Lubrication, Songwon, Vanderbilt, BRB, Hyrax Oil, and Universal Analytical, the exhibition offers a unique opportunity to showcase solutions that address the current challenges of global trade volatility—especially those tied to tariffs and regulatory pressures. Highlights Include: Join the Conversation on Supply Chain Transformation Whether you're a supplier, OEM, blender, technology provider, or logistics expert, this is the moment to engage with Asia's lubricant leaders and align your strategy with where the market is headed. For booth bookings, program details, and registration, visit: Let's shape the future of lubricants—together in Singapore. Hashtag: #AsianLubricantExhibition2025 #ALE2025 The issuer is solely responsible for the content of this announcement.
