According to a G2MT Laboratories report, the annual cost of corrosion for the U.S. industrial market was expected to reach over $500bn in 2015. This estimate is based on the m ost recent NACE (National Association of Corrosion Engineers) study, adjusted for inflation. From The Manufacturer. Plus, THIS tidbit: "Bearing giant SKF has estimated that 57 percent of all bearing failures are lubrication-related."
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