Fuchs Petrolub AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
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FUCHS LUBRITECH invests in the future
The Group is planning the biggest single investment in the company’s
history at the Industriegebiet Nord industrial estate in Kaiserslautern.
FUCHS LUBRITECH, part of the FUCHS PETROLUB Group with its head office in
Weilerbach/Kaiserslautern has been demonstrating consistent growth for
years. As such, the first expansion of capacity became necessary in 2002,
leading to the transfer of some of FUCHS LUBRITECH’s production areas to
the Industriegebiet Nord in Kaiserslautern. This facility is now to undergo
major expansion to offer scope for the company’s entire Weilerbach
production. This is the logical step which will allow the company to keep
pace with the continuing healthy growth in international demand for special
lubricants.
Because of limited space, expansion at Weilerbach itself is out of the
question. Once the facilities have been completed in Kaiserslautern, the
Weilerbach site will be cleared and restructured as part of a 'rededication
project' between FUCHS LUBRITECH, Kaiserslautern Technical University and
the Weilerbach local authorities.
As part of the transfer of production, all of the research and development
departments, currently based in Weilerbach, will also be moving to new
premises in the Industriegebiet Nord. A modern building complex is being
built there to house laboratories, test facilities and offices, as well as
a training centre for clients and staff. In addition, the company is
investing in a modern logistics centre.
With an investment of over €20 million, this project represents the largest
single investment in the FUCHS PETROLUB Group’s history. For this project,
in addition to the existing area of 22,500 m2, FUCHS LUBRITECH is acquiring
expansion space of 33,500 m2 and also has an option on a further 25,000 m2.
As such, the groundwork for the company’s future is being laid, ensuring
that the jobs of the existing 180 employees are secured over the long term
and that 25 further jobs will be created in the medium term.
FUCHS LUBRITECH, which provides around 10% of the FUCHS PETROLUB Group’s
total sales revenues, currently employs more than 400 people worldwide. The
corporate group is owned 100% by FUCHS PETROLUB AG in Mannheim. As an
organizational unit, FUCHS LUBRITECH represents one of the core components
of the Group’s special lubricants business.
FUCHS LUBRITECH is one of the world’s leading producers of special
lubricants and release agents for all industrial applications from the
automotive and construction industries to machine engineering and
agriculture.
The range includes concrete release agents, adhesive lubricants,
lubricating fluids and greases, pastes, solid film lubricants, aerosols,
products for the glass industry and forming lubricants - in all more than
1,000 specialties each precisely designed for a specific purpose. And
environmental conservation plays a major role too - not only during
manufacture, but also in the earlier phases of research and development.
FUCHS PETROLUB is by far the world’s largest independent supplier of
lubricants. In 2006 the Group, then comprising 54 operating companies,
achieved sales revenues of €1.3 billion. At present the Group has 38
production sites. As at 30 September 2007 the Group employed 3,820 people
worldwide.
Further information: www.fuchs-lubritech.com
Mannheim, 21 December 2007
FUCHS PETROLUB AG
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Phone: ++49 (0) 621 3802 – 105
The press release can also be found on the Internet at
http://www.fuchs-oil.de.
Important note
This press release contains statements about future development that are
based on assumptions and estimates by the management of FUCHS PETROLUB AG.
Even if the management is of the opinion that these assumptions and
estimates are accurate, future actual developments and future actual
results may differ significantly from these assumptions and estimates due
to a variety of factors. These factors can include changes to the overall
economic climate, changes to exchange rates and interest rates and changes
in the lubricants industry. FUCHS PETROLUB AG provides no guarantee that
future developments and the results actually achieved in the future will
agree with the assumptions and estimates set out in this press release and
assumes no liability for such.
21.12.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Fuchs Petrolub AG
Friesenheimer Str. 17
68169 Mannheim
Deutschland
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-190
E-mail: contact-de.fpoc@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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