Oil blender reports sharp increase in production volume

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.

Production increase welcomed at lube blender

This is in contrast to 2019, when a botched software implementation led to production delays and a downturn in orders for the firm.

READ: ‘MAJOR DIFFICULTIES WITH SOFTWARE’ BLAMED FOR POOR RESULTS AT LIQUI MOLY

“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.

 

 

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

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  1. These guys are always boasting (bragging?) of how well their sales are going. They also seem to sponsor anything that moves and advertise all over the place. They clearly spend a lot of money. I always though that margins on oil was ‘tight’, do they make any money?