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 GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

DVLA ‘ghost records’ highlight EU driving licence loophole

Licence holders that do not update details are causing a headache for insurers

Read More

Over half of garages preparing to increase prices

Survey shos increasing parts prices, coupled with cost of living, is bringing workshops to increase rates

Read More

GSF Car Parts looks ‘Beyond Tomorrow’ with national staff conference

First all-hands meeting since November rebrand

Read More

VM problems ‘benefit’ used market says ECP’s Hamilton

LKQ Euro Car Parts’ CEO speaks about the buoyant used car market and the aging vehicle parc

Read More

New ACEA Heavy-Duty Engine Oil sequences published

New categories to replace obsolete E6 and E9 categories

Read More

Join the debate

1 Comment

Leave a Reply to Sebastian Jonnson Cancel reply

Your email address will not be published. Required fields are marked *

  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?