• WKN: 579043
  • ISIN: DE0005790430
  • Land: Deutschland

Nachricht vom 24.03.2021 | 14:00

FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site (news with additional features)

DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous
24.03.2021 / 14:00
The issuer is solely responsible for the content of this announcement.

FUCHS opens a new production plant for polyurea lubricating greases at its Kaiserslautern site

The FUCHS Group, which operates globally in the lubricants industry, has invested EUR 25 million in its Kaiserslautern site and officially inaugurated a new production facility on March 24. A fully automated production plant for polyurea and other lubricating grease specialties has been built on a 2,000 m² footprint on the over 90,000 m² premises of FUCHS LUBRITECH GmbH, which is based there.

The production plant is state-of-the-art and sets the highest standards in terms of safety, energy use and environmental protection in the manufacturing process. "The new production is one of our final projects in the global growth initiative launched in 2016, which is focused on capacity increase in line with advanced technology," said Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. "It will enable us to significantly increase the production capacity of polyurea greases, allowing us to respond quickly to specific customer requirements and supply tailor-made polyurea greases, for example for use in the e-mobility, wind power and food industries."

"The new plant is a milestone for the entire FUCHS Group in terms of the production and distribution of polyurea greases. The production concept implemented will serve as a blueprint for other Group sites and sets a global standard for grease technology at FUCHS," explains Lucas Haaß, Managing Director of FUCHS LUBRITECH and responsible for Production and Supply Chain.

After the current investment, FUCHS LUBRITECH GmbH, which currently employs 353 people at its Kaiserslautern site, still has a considerable area of land available for future expansion on the premises.

Mannheim, March 24, 2021

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


The following information is available online:
Image and video material: https://www.fuchs.com/gb-en/photo-gallery/

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 almost 6,000 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.

Additional features:

Picture: https://eqs-cockpit.com/c/fncls.ssp?u=d836739e35c3a8617d370c7847b3b270
Subtitle: The new FUCHS Polyurea grease plant in Kaiserslautern, Germany

24.03.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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