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FUCHS PETROLUB SE (FRA:FPE3) DGAP-News: FUCHS opens new grease plant in Isando/Johannesburg, South Africa

Transparency directive : regulatory news

16/05/2018 14:00

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DGAP-News: FUCHS PETROLUB SE / Key word(s): Miscellaneous
FUCHS opens new grease plant in Isando/Johannesburg, South Africa (news with additional features)

16.05.2018 / 14:00
The issuer is solely responsible for the content of this announcement.


FUCHS opens new grease plant in Isando/Johannesburg, South Africa

FUCHS PETROLUB SE, the world's largest independent manufacturer of high-quality lubricants and related products, has officially opened a EUR 8 million grease plant expansion at its factory in Isando, South Africa on May 16, 2018. The grease plant with its state-of-the-art technology will manufacture a large variety of specialty grease grades which meet the rising demands of African customers for ever-increasing quality and responsiveness.

"This new facility is a fully automated and very modern grease plant. It will serve the South African market and allows us to export high quality grease into other African countries. It is part of our global growth initiative investing in existing and new plants focused on capacity increase in line with advanced technology," emphasizes Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE.

Paul Deppe, Managing Director of FUCHS LUBRICANTS SOUTH AFRICA, adds "FUCHS sees the importance and demand for specialty grease growing significantly and wants to be in a position to support this increase in demand from our customers, particularly in the mining industry. But importantly, the reasons for building the new grease plant is not only for capacity, but to inject new levels of process excellence and quality into our grease manufacturing."

The plant design and automation conforms to FUCHS' latest standards worldwide and ensures that the quality of grease produced is of highest standards. Future expansion in capacity as well as future grease technologies, which are under development in the FUCHS Group's R&D laboratories, were also considered during the plant design phase.


Mannheim, May 16, 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.


Additional features:

Picture: http://newsfeed2.eqs.com/fuchs/686613.html
Subtitle: Left: Stefan Fuchs, CEO FUCHS PETROLUB Right: Paul Deppe, Managing Director FUCHS LUBRICANTS SOUTH AFRICA


16.05.2018 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.

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


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.com/gruppe
ISIN: DE0005790430, DE0005790406
WKN: 579043, 579040
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange

 
End of News DGAP News Service

686613  16.05.2018 

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