According to reports and relevant information and data, global lubricant demand is expected to reach 40.5 million tons in 2012. The main growth is in Asia/Pacific, Africa/Middle East and Latin America, which benefited from the rapid and rapid development of industrialization in these regions and the increasing growth of automobiles; the total global lubricant market price reached approximately US$48.8 billion.
The recent acquisition of Lubrizol Lubricant Additives Company by Berkshire Hathaway for $9 billion in cash is investors' bullish demand for lubricants.
The recent acquisition of Lubrizol Lubricant Additives Company by Berkshire Hathaway for $9 billion in cash is investors' bullish demand for lubricants.
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