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Jobbers World News
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December 13, 2008
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ExxonMobil's Response to
Valvoline's Claim |
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As reported in JobbersWorld
on December 11, and further
detailed in the December 13
issue of JobbersWorld, the
Valvoline Division of
Ashland went public on
November 20, 2008 in a
letter to Valvoline
Customers saying that "Mobil
1 5W-30 does not meet
minimum API SM or ILSAC GF-4
specification because of its
inferior performance in the
Sequence IVA wear test." In
addition, the letter closed
with "Please refer to the
attached Q&A for additional
data."
For those that took the time
to read the Q&A sheet that
accompanied Valvoline's
letter (see link below),
Valvoline turned up the heat
even more by saying " Mobil
1 5W-30 DOES NOT MEET the
most basic API SM or ILSAC
GF-4 specifications. That
means Mobil 1 5W-30 cannot
meet basic GM, Ford,
Chrysler or Honda
specifications."
Ouch! That's certainly a
serious claim, and one that
Thomas R. Smith, Technical
Director of Valvoline
Lubricants told JobbersWorld
he stands behind. According
to Smith, Ashland made
ExxonMobil aware of this
issue in September and as of
December 11th, "ExxonMobil
has been silent."
But whereas ExxonMobil
apparently has not responded
directly to Ashland, they
did respond to
JobbersWorld's request for a
comment. So here it is,
ExxonMobil's response to the
press:
"We would like you to
know that while we are aware
of Valvoline's assertions,
ExxonMobil stands behind the
quality of Mobil 1 and all
of our lubes products.
ExxonMobil's GF 4 licenses
for all product lines are
valid."
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ROYAL MFG COMPANY LEADS WAY
WITH NEW ROUND OF PRICE
DECREASES |
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Royal Mfg Co and affiliates
Troco Oil Company, Tulsa, OK
and Wright Oil Company, San
Antonio, TX has stepped out
with price reduction
adjustments for branded and
unbranded lubricants. The
adjustments will be from
$1.00 to $1.60 per gallon
and from 6 to 14 cents per
pound on grease. This will
include all finished
lubricants except synthetic
products, white oils, food
grade and bio-based
lubricants. The new prices
will go into effect on all
orders in house and on new
orders received on or after
December 22, 2008. All
special discounts will be
rescinded with this offer.
Royal says, "Our customers
and a number of prospects
are asking for reduced
prices prompting us to make
a sizeable reduction in our
selling price to give our
distributors a decided
advantage over cost from
other lube oil suppliers
including major oil
companies. Additionally, we
would like to reduce our
inventories in preparation
for lowered raw material
costs."
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CONOCOPHILLIPS COMPANY
INTRODUCES 76® SUPER
SYNTHETIC MOTOR OIL |
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ConocoPhillips Company
announced the introduction
of 76 Super Synthetic Motor
Oil to its existing line of
high quality lubricant
products. According to
ConocoPhillips, the new 76
Super Synthetic is a premium
full-synthetic passenger car
engine oil that is specially
formulated to meet the
rigorous performance
requirements of the GM4718M
("Corvette") specification.
It is also recommended for
use in most late model
Cadillacs as well as all
turbo-charged General Motors
engines, according to
Clarence McCollum, Director
of Automotive Products,
ConocoPhillips Company.
"We formulated 76 Super
Synthetic Motor Oil with
high quality synthetic
ingredients to provide
enhanced performance
benefits when compared to
conventional engine oils,"
explained McCollum. "The
benefits include improved
oxidation resistance,
enhanced thermal stability
at high temperatures as well
as better low-temperature
pumbability. By upgrading to
this new motor oil,
passenger car owners can be
assured that their engine
will continue to run at peak
performance while also
achieving improved fuel
economy."
The new 76 Super Synthetic
Motor Oil is available in
two viscosity grades, SAE
5W-30 and SAE 10W-30, which
both meet or exceed API
SM/CF and ILSAC GF-4
performance requirements for
new cars under warranty.
Additionally, the SAE 5W-30
viscosity grade meets the
performance requirements of
the Honda HTO-06 standard
for use in the Acura RDX.
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High Velocity Alternative
Energy, Inc. Completes
Acquisition of American
Chemical Exchange, Inc. |
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High Velocity Alternative
Energy, Inc. (PINKSHEETS:
HVAE) announced that the
Company has executed a Stock
Purchase Agreement and
completed the purchase of
American Chemical Exchange,
Inc. ("ACE") of Pasadena,
CA. High Velocity entered
into a Letter of Intent with
ACE in July 2008. ACE was
owned by Robert Somerman; as
part of the Letter of Intent
to purchase ACE, Mr.
Somerman was appointed
President and CEO of High
Velocity. ACE becomes a
wholly owned subsidiary of
High Velocity. The terms of
the purchase of 100% of the
shares common stock of ACE
for a purchase price of
14,000,000 shares of
restricted common stock of
HVAE and the payment of
$150,000.00, in six
payments. Robert Somerman
was also given an employment
Agreement for a period of
five years, at an initial
salary of $180,000 per
annum.
Mr. Somerman stated, "The
joining of the two
companies, both sharing
similar business models and
philosophies, will
immediately increase an
economy of scale and
accelerate the expansion of
opportunities into new
markets and products for
High Velocity." American
Chemical Exchange, Inc. is a
middle market
petroleum-based lubricant
company with an emphasis on
the recycling of glycols for
use in industrial and
automotive coolants.
Additionally, the company
specializes in the refining,
blending, packaging, and
distributing of lubricants,
coolants, and other
chemicals sold primarily to
the automotive aftermarket
through established
distribution channels.
About High Velocity
Alternative Energy, Inc.
Headquartered in Bedford
Park, IL, High Velocity
Alternative Energy, Inc. is
a holding company that
specializes in the refining,
blending, packaging, and
distribution of middle
market petroleum and related
products to the automotive
and manufacturing
aftermarket. These products
are sold, both direct and
through regional
distributors, to retail
outlets that include oil
change shops, automotive
aftermarket chains, gas
stations, department stores,
and convenience stores. The
Company utilizes an
innovative technology to
capitalize on renewable
energy and lubricant
resources by recycling spent
oils and glycols. High
Velocity Alternative
Energy's 40,000 square foot
plant is conveniently
located outside Chicago with
access to interstate and
railroad.
Forward-Looking Statements
This press release contains
forward-looking statements,
which represent the
Company's expectations or
beliefs, including, but not
limited to, statements
concerning plans, growth and
strategies, which include,
without limitation,
statements preceded or
followed by or that include
the words may, will, expect,
anticipate, intend, could,
estimate, or continue or the
negative or other variations
thereof or comparable
terminology. Any statements
contained in this press
release that are not
statements of historical
fact may be deemed to be
forward-looking statements.
These statements by their
nature involve substantial
risks and uncertainties,
some of which are beyond the
Company's control, and
actual results.
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