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FUCHS opens plant extension in Kaiserslautern

FUCHS opens plant extension in Kaiserslautern

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

11.03.2019 / 15:14
The issuer is solely responsible for the content of this announcement.


FUCHS opens plant extension in Kaiserslautern


FUCHS PETROLUB SE, the world's largest independent manufacturer of lubricants and related products, has expanded its site in Kaiserslautern and officially opened it on March 11. A new AS/RS warehouse, two production halls and new office space for a total of EUR 16 million have been built on the premises of FUCHS LUBRITECH GMBH. The location, which mainly produces lubricants for special applications, now covers a total of 96,000 m².

"The growth of the special application division and the concentration of diverse activities at this location made an expansion necessary. The extension is part of our global growth initiative, which is focused on capacity increase in line with advanced technology," emphasizes Stefan Fuchs, Chairman of the Board of FUCHS PETROLUB.

With 10,000 pallet spaces, the new fully automatic AS/RS warehouse doubles existing capacities and is technically state-of-the-art. "One highlight is the energy-saving oxygen reduction, whereby we use a modern fire protection concept in such a way that we can store numerous materials such as cardboard boxes and chemicals together, which would otherwise not be possible," explains Markus Heck, Managing Director of FUCHS LUBRITECH, responsible for Production and Supply Chain. Two new production halls with a floor space of 1,000 and 1,300 m2 make it possible to significantly expand production capacities.

In addition to expanding the warehouse and production capacities, the research and development laboratories have been expanded and 70 new and state-of-the-art office workplaces have been created. "We want to offer our current and future employees an attractive environment and enable interactive collaboration," says Bernhard Biehl, Chairman of the Management Board of FUCHS LUBRITECH. Around 300 people are employed at the Kaiserslautern site.


Mannheim, March 11, 2019

FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Tel. +49 621 3802-1104
tina.vogel@fuchs.com
www.fuchs.com/group

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.



11.03.2019 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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