DGAP-News: FUCHS opens new plant in Wujiang/Suzhou, China

FUCHS opens new plant in Wujiang/Suzhou, China

FUCHS PETROLUB SE, the world's largest independent manufacturer of high-quality lubricants and related products, is opening one of its most modern plants in Wujiang district of Suzhou, China. The state-of-the-art facility, which began construction in 2017 with an investment of EUR 46 million, will replace the old plant in Shanghai.

The new 80,000 m² plant has a capacity of 100,000 tons in phase 1, almost double the capacity of the Shanghai plant. The automated high-bay warehouse has a capacity of 12,000 pallets. The fully-automated new plant features the most advanced smart production program and warehousing technology. The production portfolio includes automotive oils, industrial oils, metalworking fluids, corrosion preventatives, rolling oils, coating materials and products for the forging industry.

"During the past 30 years FUCHS has written a true success story in China. China has become one of our most important markets. The new Wujiang plant is another important milestone for the future of FUCHS in China," emphasizes Stefan Fuchs, Chairman of the Executive Board of FUCHS PETROLUB SE. "It is also an essential part of our global growth initiative in which we invest in the replacement, expansion and efficiency of our worldwide infrastructure, which enables FUCHS to grow and become more agile and efficient."

Zhu Qingping, CEO of FUCHS China, comments, "Our customers are international companies and Chinese corporations which are increasingly seeking high-quality products and demanding better responsiveness and product management. With our new improved manufacturing infrastructure, we have a competitive advantage, and will better satisfy our customers in the promising Chinese lubricants market."

The new plant meets the highest quality and conforms to FUCHS' latest standards worldwide. Expansion in phase 2 is in the development plan. At the same time, FUCHS is also significantly expanding its offices and laboratories at the site in Shanghai.

Mannheim, April 25, 2019

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