Strategy to survive lubricants turmoil

The lubricants sector has long been considered mature, even staid, but there is growing evidence that major market turmoil is ahead.While lubricants rarely grabs the headlines in the same way as, say, exploration and production, lubes companies have been hit in the same way as E&P firms by the industry`s hard times.Manfred Fuchs, chairman of Fuchs Petrolub AG, Mannheim, Germany, said that the mergers and acquisitions (M&A) fever that swept through the industry as a whole threatens to change the lubricants scene radically.Fuchs is the world`s second largest independent lubricants manufacturer after Burmah Castrol plc, Swindon, U.K., and the 14th largest manufacturer overall.But the lubes s...

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