Can Lubrication Markets Weather the Downturn?

With preliminary 2008 data in hand, Apu Gosalia of Fuchs Petrolub ventured that global lubricant demand fell by 2 to 4 percent from 2007 to 2008, and 2009 will certainly be down again. But longer term, he said there is still enormous growth potential for lubricants in Brazil, Russia, India, China and the “Next 11” emerging countries.

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