FUCHS and L.B. Foster extend North American strategic partnership with industry-leading friction management products to other rail markets
FUCHS LUBRICANTS CO., the world's largest independent lubricant manufacturer, is pleased to announce that the strategic partnership with L.B. Foster Company (Nasdaq: FSTR), a global solutions provider of products and services for the rail and infrastructure markets, will be extended to additional rail markets in South America, Australia and China. The partnership combines FUCHS’s manufacturing capabilities and world-class lubrication solutions for railway traffic with L.B. Foster’s renowned expertise in the development and implementation of railroad friction management technologies.
FUCHS is a global company that develops, produces, and distributes more than 10,000 lubricants and related services with industry-specific solutions for demanding applications.
L.B. Foster offers its rail customers trackside and on-board friction management solutions and pioneered Total Friction Management® (TFM). TFM is how L.B. Foster works with railroads around the world to deliver holistic, optimized friction management programs. Together FUCHS and L.B. Foster continue to push innovation in friction management lubricant products to drive considerable savings to its customers through rail and wheel wear reduction, increased operational efficiencies, and improved safety. This strategic partnership facilitates driving global production of the FUCHS and L.B. Foster co-branded greases in international growth regions as well as continuing to support the increasing demands in North America.
Stefan Fuchs, Chairman & CEO, FUCHS Group adds: “We are pleased to unveil the extension of this successful strategic partnership. It is clearly a win-win for the rail industry. Our colleagues at L.B. Foster Friction Management are experts in complementary fields. By acting together, we will deliver combined capabilities that place friction modification as a value-added essential on the railways. What cements this strategic partnership is our shared values of trust, respect, reliability and integrity, creating value through innovation and first-class service for customers in certain rail markets.”
Commenting on the partnership, L.B. Foster President and CEO John Kasel said, “We are excited to work with FUCHS as our preferred partner for manufacturing our advanced friction management lubricants. The combination of our wheel/rail engineering expertise with FUCHS’s lubricant manufacturing competencies will bring best-in-class solutions that will benefit the global rail industry.”