FUCHS PETROLUB SE / Key word(s): Miscellaneous
28.10.2013 / 10:15
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FUCHS opens new plant in Yingkou / China
The leading independent lubricant manufacturer FUCHS PETROLUB today opens
its new modern plant in Yingkou, China. The construction of the plant
started in 2012 and within two years a state of the art, modern production
facility was built. The total investment of the project amounted to more
than EUR 24 million.
The new facility meets the highest standards in terms of quality, safety
and environment. It will be used to produce a wide range of lubricants for
automotive and industrial applications. With the new plant, FUCHS finalizes
an important step in China to supply domestic and international customers
in many different industries, including automotive manufacturers and
automotive supply, steel, mining, food, transportation, off-highway and
agriculture with high quality lubricants manufactured to German
technological and quality standards. The new facility is one of the largest
production locations of the FUCHS Group. It replaces the old and
significantly smaller facility in Yingkou, which was opened some 25 years
ago.
In China, the FUCHS Group operates via two 100% subsidiaries, which
together employ more than 300 people. In 2012, FUCHS China generated around
10% of the Group's worldwide sales revenues. The headquarters in China is
located at the Shanghai site, which was opened in 2008. FUCHS has more than
15 offices in China, as well as a large number of local warehouses.
In 2012, the FUCHS PETROLUB Group generated global sales revenues of EUR
1.8 billion and profit after tax of EUR 207 million. In total the FUCHS
Group currently employs a workforce of about 3,800 people in 50 operating
companies in Europe and overseas.
Mannheim, October 28, 2013
FUCHS PETROLUB SE
Public Relations
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone +49 621 3802-1104
E-mail: tina.vogel@fuchs-oil.de
The information below can be accessed at the following web addresses:
Press release:
www.fuchs-oil.com
Press photos:
http://www.fuchs-oil.com/pressphotos1.html
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, 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 in the overall
economic climate, changes to exchange rates and interest rates, and changes
in 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.
End of Corporate News
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Language: English
Company: FUCHS PETROLUB SE
Friesenheimer Str. 17
68169 Mannheim
Germany
Phone: +49 (0)621 / 3802-0
Fax: +49 (0)621 / 3802-7190
E-mail: ir@fuchs-oil.de
Internet: www.fuchs-oil.de
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
End of News DGAP News-Service
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