Germany-based lubricant blender Liqui Moly has reported an upturn in the volume of engine oil it has produced.
Despite a difficult trading environment in FY21 that saw shortages of additives and rising cost base stocks, the firm has topped 100,00 tonnes of lubricant produced for the first time. the figure is up 27% on the volume produced during 2020 when many vehicles were off the road. The firm’s pour-in additives also enjoyed a buoyant year, with sales up 14.3% YoY.
This is in contrast to 2019, when a botched software implementation led to production delays and a downturn in orders for the firm.
“What would be a strong performance anyway is even more impressive against the backdrop of adverse conditions;” commented MD Ernst Prost. “The fact that we achieved this is thanks to our great team, which has overcome the hurdles with a great deal of improvisation, talent and flexibility.”
“Our continuous investment in modernising production and logistics has also paid off,” he concluded.