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Over the course of the next years, FUCHS will invest approximately EUR 50 million in the expansion of the Mannheim site

Over the course of the next years, FUCHS will invest approximately EUR 50 million in the expansion of the Mannheim site

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous

13.09.2018 / 10:36
The issuer is solely responsible for the content of this announcement.


Over the course of the next years, FUCHS will invest approximately EUR 50 million in the expansion of the Mannheim site


New office building and new automated warehouse for raw materials are planned in Mannheim.


Today, FUCHS PETROLUB SE, the world's largest independent manufacturer of high-quality lubricants and related products, announces the purchase of two large properties in the immediate vicinity of its current location in Mannheim, Germany. The two properties acquired lead to a 25% expansion of the site in Mannheim, which then covers a total of 135,000 m².

The acquisition of these two properties by FUCHS SCHMIERSTOFFE GMBH, which is based in Mannheim, is part of FUCHS' global investment initiative with the aim of securing sustained growth in the long term. An additional office building and a new logistics center with an automated warehouse for raw materials are planned on the new premises.

"It is an important milestone for the future of our important headquarters location in Mannheim," says Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB. "This expansion will provide us with much-needed space for our growth here in Mannheim," adds Stefan Knapp, CEO of FUCHS SCHMIERSTOFFE GMBH.

In the next three to four years, FUCHS will invest a total of approximately EUR 50 million in the expansion of the Mannheim site.


Mannheim, September 13, 2018

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104

tina.vogel@fuchs-oil.de
www.fuchs.com/group


The following information is available online:
Image and video material: www.fuchs.com/group/mediagallery

About FUCHS
The FUCHS Group develops, produces and markets high-grade lubricants and related specialties for virtually all industries and areas of application. Formed in Mannheim in 1931, the Group employs more than 5,000 people worldwide at 58 operating companies. FUCHS is the world's largest independent lubricant manufacturer. Its most important markets in terms of sales revenues are Western Europe, Asia and North America.


Important note
This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE. Even if the management is of the opinion that these assumptions and estimates are accurate, actual future developments and results can differ significantly from these assumptions and estimates due to a variety of factors. These factors can, for example, include changes in the overall economic climate, changes in procurement prices, changes in exchange rates and interest rates, and changes within the lubricants industry. FUCHS PETROLUB SE provides no guarantee that future developments and the results actually achieved in the future will match the assumptions and estimates set out in this press release and assumes no liability for such.



 


13.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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