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<br /> February 2013<br /> EUROPE<br /> MIDDLE EAST<br /> AFRICA<br /> Number 44<br /> A Golden Age for<br /> Rerefining?<br /> Looking East for<br /> Opportunity<br /> Proven reliability<br /> in naphthenic oils<br /> for over<br /> 30<br /> years<br /> That's our business.<br /> Ergon boasts over 30 years of proven reliability in naphthenic oils.<br /> As the world's leading supplier for a wide range of applications,<br /> we understand the importance of quality and stability to your operations.<br /> So whatever your requirements, trust the company that has been in the business<br /> of naphthenic oil for over three decades.<br /> Naphthenic oils. That's our business.<br /> www.ergoneurope.com<br /> publisher’s letter<br /> M&A Activity, Down But Not Out<br /> Speaking at Lube Day 2012 in<br /> Milan, Italy, in November, Apu Gosalia<br /> of Fuchs Petrolub AG l<a title="2013_02 - February 2013 - EMEA page 1" href="http://viewer.zmags.com/publication/6be5a328?page=1"> February 2013 EUROPE MIDDLE EAST AFRICA Number 44</a> <a title="2013_02 - February 2013 - EMEA page 2" href="http://viewer.zmags.com/publication/6be5a328?page=2"> Proven reliability in naphthenic oils </a> <a title="2013_02 - February 2013 - EMEA page 3" href="http://viewer.zmags.com/publication/6be5a328?page=3"> publisher’s letter M&A Activity, Down But N</a> <a title="2013_02 - February 2013 - EMEA page 4" href="http://viewer.zmags.com/publication/6be5a328?page=4"> February 2013 EUROPE MIDDLE EAST AFRICA 18 28 34</a> <a title="2013_02 - February 2013 - EMEA page 5" href="http://viewer.zmags.com/publication/6be5a328?page=5"> WHAT IF... </a> <a title="2013_02 - February 2013 - EMEA page 6" href="http://viewer.zmags.com/publication/6be5a328?page=6"> TRANSPORTATION TRENDS Engine Oils Getting T</a> <a title="2013_02 - February 2013 - EMEA page 7" href="http://viewer.zmags.com/publication/6be5a328?page=7"> </a> <a title="2013_02 - February 2013 - EMEA page 8" href="http://viewer.zmags.com/publication/6be5a328?page=8"> Scanning Brookfield Technique... Measures low t</a> <a title="2013_02 - February 2013 - EMEA page 9" href="http://viewer.zmags.com/publication/6be5a328?page=9"> </a> <a title="2013_02 - February 2013 - EMEA page 10" href="http://viewer.zmags.com/publication/6be5a328?page=10"> BASE OIL REPORT </a> <a title="2013_02 - February 2013 - EMEA page 11" href="http://viewer.zmags.com/publication/6be5a328?page=11"> If you can imagine it, we'll help you lubricate i</a> <a title="2013_02 - February 2013 - EMEA page 12" href="http://viewer.zmags.com/publication/6be5a328?page=12"> Continued from page 10 wish to sell a base oil ca</a> <a title="2013_02 - February 2013 - EMEA page 13" href="http://viewer.zmags.com/publication/6be5a328?page=13"> to hold the purchaser’s funds in escrow and</a> <a title="2013_02 - February 2013 - EMEA page 14" href="http://viewer.zmags.com/publication/6be5a328?page=14"> MARkETINg MATTERS Building Technical Suppor</a> <a title="2013_02 - February 2013 - EMEA page 15" href="http://viewer.zmags.com/publication/6be5a328?page=15"> </a> <a title="2013_02 - February 2013 - EMEA page 16" href="http://viewer.zmags.com/publication/6be5a328?page=16"> MARkETINg MATTERS We distribute for you</a> <a title="2013_02 - February 2013 - EMEA page 17" href="http://viewer.zmags.com/publication/6be5a328?page=17"> Lubricants Additives Chemicals </a> <a title="2013_02 - February 2013 - EMEA page 18" href="http://viewer.zmags.com/publication/6be5a328?page=18"> By JOHN M. VOCkley Bleak economic Troubles Hurt </a> <a title="2013_02 - February 2013 - EMEA page 19" href="http://viewer.zmags.com/publication/6be5a328?page=19"> s IN POrTugal Portugal’s </a> <a title="2013_02 - February 2013 - EMEA page 20" href="http://viewer.zmags.com/publication/6be5a328?page=20"> population that now lives under the poverty l</a> <a title="2013_02 - February 2013 - EMEA page 21" href="http://viewer.zmags.com/publication/6be5a328?page=21"> </a> <a title="2013_02 - February 2013 - EMEA page 22" href="http://viewer.zmags.com/publication/6be5a328?page=22"> In December, demonstrators in Lisbon protest aust</a> <a title="2013_02 - February 2013 - EMEA page 23" href="http://viewer.zmags.com/publication/6be5a328?page=23"> for maintenance. “That does not necessarily mean </a> <a title="2013_02 - February 2013 - EMEA page 24" href="http://viewer.zmags.com/publication/6be5a328?page=24"> rOseNHeIM, germany – The lubricants industry has </a> <a title="2013_02 - February 2013 - EMEA page 25" href="http://viewer.zmags.com/publication/6be5a328?page=25"> decreased from 53 percent to 32 per- cent. Meanwh</a> <a title="2013_02 - February 2013 - EMEA page 26" href="http://viewer.zmags.com/publication/6be5a328?page=26"> Portion of Products Designed for Spe</a> <a title="2013_02 - February 2013 - EMEA page 27" href="http://viewer.zmags.com/publication/6be5a328?page=27"> REACH. As described by Lindemann, these trends</a> <a title="2013_02 - February 2013 - EMEA page 28" href="http://viewer.zmags.com/publication/6be5a328?page=28"> NEW LIFE For usEd oIL 28 </a> <a title="2013_02 - February 2013 - EMEA page 29" href="http://viewer.zmags.com/publication/6be5a328?page=29"> by richard Beercheck suring that different typ</a> <a title="2013_02 - February 2013 - EMEA page 30" href="http://viewer.zmags.com/publication/6be5a328?page=30"> technology. “We tested used oil from our sup- </a> <a title="2013_02 - February 2013 - EMEA page 31" href="http://viewer.zmags.com/publication/6be5a328?page=31"> </a> <a title="2013_02 - February 2013 - EMEA page 32" href="http://viewer.zmags.com/publication/6be5a328?page=32"> “To broaden the appeal of rerefined oil, we ne</a> <a title="2013_02 - February 2013 - EMEA page 33" href="http://viewer.zmags.com/publication/6be5a328?page=33"> the different stakeholders think of these lub</a> <a title="2013_02 - February 2013 - EMEA page 34" href="http://viewer.zmags.com/publication/6be5a328?page=34"> On the trail Of traffic Growing Vehicle Parks Mea</a> <a title="2013_02 - February 2013 - EMEA page 35" href="http://viewer.zmags.com/publication/6be5a328?page=35"> By Boris Kamchev MOSCOW – When markets are </a> <a title="2013_02 - February 2013 - EMEA page 36" href="http://viewer.zmags.com/publication/6be5a328?page=36"> Per capita vehicle ownership is still low in Chin</a> <a title="2013_02 - February 2013 - EMEA page 37" href="http://viewer.zmags.com/publication/6be5a328?page=37"> China has a big market for low-tier oils, mean</a> <a title="2013_02 - February 2013 - EMEA page 38" href="http://viewer.zmags.com/publication/6be5a328?page=38"> New Vehicle Sales in India Total, 2011/12: 17.4 </a> <a title="2013_02 - February 2013 - EMEA page 39" href="http://viewer.zmags.com/publication/6be5a328?page=39"> Clean Results. Refiners worldwide use our ISODE</a> <a title="2013_02 - February 2013 - EMEA page 40" href="http://viewer.zmags.com/publication/6be5a328?page=40"> Just click. 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