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FUCHS PETROLUB SE, DE0005790430

FUCHS PETROLUB SE, DE0005790430

03.09.2019 - 14:35:07

FUCHS opens new plant in Izmir, Turkey

FUCHS opens new plant in Izmir, Turkey OPET FUCHS, the joint venture of FUCHS PETROLUB and OPET Petrolcülük, has started operation at its new greenfield plant in Aliaga, Izmir, Turkey. Realized with an investment of EUR 24 million and having a production capacity of 60,000 tons of lubricant in one shift per year, the plant will be operating as one of Turkey's most modern lubricant facilities.

"This new plant with its most advanced process technologies and modern automation systems is adapted to customer and production needs in Turkey and 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, at the internal opening ceremony on September 3, 2019.

Murat Seyhan, Managing Director of OPET FUCHS adds, "we are working hard to give the best service quality to our customers operating in all sectors with our innovative approach, high quality, wide product range and specialized staff. In this respect, we are very happy to realize our new plant investment in Izmir, Aliaga."

OPET FUCHS' new plant was established on a total area of 55,000 m² to manufacture a wide range of products including engine oils, industrial oils and special products. The traceability, repeatability and sustainability of the high-quality products offered by OPET FUCHS to customers have been increased by the new plant. The research and development laboratory is equipped with the latest technology and has the capacity to apply more than 100 test methods with more than 45 new technology testing devices. Product prototypes and verifications are carried out in the laboratory where new product designs and developments are realized in line with customer requests.

Mannheim, September 3, 2019

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

 

The following information is available online:Image and video material: www.fuchs.com/group/mediagalleryAbout 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/867801.htmlSubtitle: Schmierstoffwerk OPET FUCHS

03.09.2019 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.com 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 EQS News ID: 867801   End of News DGAP News Service

867801  03.09.2019 

@ dgap.de