Lubrizol Q2 sales grow 17%
Second quarter revenues hits $1.63bn
Lubrizol has announced its 2011 second quarter revenues grew 17% to $1.63bn, compared to $1.40bn for the same period in 2010. Consolidated revenues for the first six months of 2011 also grew, up 16% to $3.15bn.
The company’s Advanced Materials business saw revenues for the quarter grow by 10% to $434m, compared to $393m for the same period last year. An improvement in price and product mix, combined with a favourable currency has been attributed to the growth.
Lubrizol has also announced that its pending merger with Berkshire Hathaway is expected to be completed in the next three months.
