Repsol said recently that a joint venture strategy has helped its lubricant business grow by 40% over the past five years. The Spain-based company added that it aims to expand another 50% over the next five years, largely by focusing on markets in Europe, South America and Southeast Asia.
The company is headquartered in Madrid, and its lubes business is still strongest in its backyard. In a March 4 press release about the launch of fluids for electric vehicles, Repsol said it is the leading lubes supplier in both Spain and Portugal, with market shares of 25% and 19%, respectively.
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