Major Market Developments ■ In September 2016, Total Lubmarine, (Norway) a division of Total S.A. launched new cylinder lubricant called Talusia Optima. This is a specialized lubricant designed for the marine industry. It has helped the company to strengthen its product portfolio ■ In August 2016, Fuchs Petrolub acquired industrial oil producer ULTRACHEM INC. (U.S.). ULTRACHEM INC. (U.S.) is a wellknown producer and marketer of the specialty synthetic lubricants for the compressor OEMs and industrial maintenance markets. This acquisition has helped the company to enhance its products offerings in the industrial lubricants market. ■ In November 2016, ExxonMobil signed an agreement with Chilean industrial conglomerate Empresas Copec for the production and distribution of lubricants and fuels in Colombia, Ecuador, and Peru.
Petroleum Today - November 2018 55
