Fuchs Group

EQS-News: FUCHS SE and Mercedes-Benz AG announce strategic business partnership to drive a quality collaboration in the Automotive After-Sales

Retrieved on: 
Wednesday, April 10, 2024
Lubrication, Fuchs Group, Partnership, Mercedes-Benz Group, Mercedes-Benz, Warranty, Service, Automotive industry

FUCHS SE and Mercedes-Benz Global Customer Service & Parts are pleased to announce a strategic business partnership aimed at fostering innovation, technology, and sustainability in the automotive After-Sales.

Key Points: 
  • FUCHS SE and Mercedes-Benz Global Customer Service & Parts are pleased to announce a strategic business partnership aimed at fostering innovation, technology, and sustainability in the automotive After-Sales.
  • This marks a significant step forward in advancing technology and exceptional quality and responsibility within the automotive sector.
  • "We are thrilled to join forces with Mercedes-Benz Global Customer Service & Parts to push the boundaries of automotive technology," said Stefan Fuchs, CEO of FUCHS SE.
  • As part of their collaboration, FUCHS and Mercedes-Benz Global Customer Service & Parts will also explore opportunities for joint marketing initiatives, educational programs to raise awareness about the importance of sustainable mobility solutions.

EQS-News: FUCHS concludes financial year 2023 with new record highs

Retrieved on: 
Wednesday, March 13, 2024
DMG, Social media, Economic development, CSRD, FVA, Share repurchase, Hamas, Ship, Supervisory board, Fuchs Group, Corporate sustainability, SAP, Horror, Growth, EUR, HITACHI, Policy, Houthi movement, Annual, Investment, Research, Film industry

„2023 was a very successful year for FUCHS, with new record highs for sales revenues, EBIT and free cash flow.

Key Points: 
  • „2023 was a very successful year for FUCHS, with new record highs for sales revenues, EBIT and free cash flow.
  • With the construction of a new plant in Vietnam, the path is set for expansion in another Asian growth market.
  • A total of up to 8 million shares with a total price of up to EUR 280 million are to be acquired.
  • In all three cases, we were able to excel due to the combination of global support, technological excellence and a motivated on-site FUCHS team.

EQS-News: Awarded as a pioneer for climate strategies: FUCHS SE receives Global Transition Award

Retrieved on: 
Thursday, October 26, 2023
Environment, Fuchs Group, News, The National German Sustainability Award, SE, Research, Renewable energy

Awarded as a pioneer for climate strategies: FUCHS SE receives Global Transition Award (news with additional features)

Key Points: 
  • Awarded as a pioneer for climate strategies: FUCHS SE receives Global Transition Award (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • Awarded as a pioneer for climate strategies: FUCHS SE receives Global Transition Award
    FUCHS SE is the winner of the Global Transition Award 2023, which was presented by Handelsblatt together with its scientific partner right° on October 18, 2023.
  • This is the second time that FUCHS has received a prestigious sustainability award.
  • After winning the German Sustainability Award 2016 as the most sustainable medium-sized company, FUCHS has now received the Global Transition Award 2023 in Düsseldorf.

L.B. Foster and FUCHS Extend Strategic Partnership with Industry-Leading Friction Management Products for the Rail Market

Retrieved on: 
Monday, September 25, 2023
Partnership, Lubricant, Fuchs Group, Federal Executive Boards, Friction, Trust, SE, TFM, Rail transport by country, Safety, Management, Rail transport

PITTSBURGH, Sept. 25, 2023 (GLOBE NEWSWIRE) -- L.B. Foster Company (Nasdaq: FSTR), a global technology solutions provider of products and services for the rail and infrastructure markets is pleased to announce that its North American strategic partnership with FUCHS Lubricants Co., the world's largest independent lubricant manufacturer, will be extended to additional rail markets in South America, Australia, and China. The partnership combines L.B. Foster’s renowned expertise in the deployment of total friction management solutions for the global rail industry with FUCHS’s manufacturing capabilities and world-class lubrication solutions for railway traffic.

Key Points: 
  • Foster Company
    Stefan Fuchs – Chairman of the Executive Board of FUCHS SE, and John Kasel – President and CEO, L.B.
  • Foster Company alongside their management teams at the FUCHS main office in Mannheim, Germany
    PITTSBURGH, Sept. 25, 2023 (GLOBE NEWSWIRE) -- L.B.
  • Foster offers its rail customers trackside and on-board friction management solutions and pioneered Total Friction Management® (TFM) solutions for the rail freight, passenger, and urban transit sectors.
  • Foster and FUCHS continue to push innovation in friction management lubricant products to drive considerable savings to its customers through rail and wheel wear reduction, increased operational efficiencies, and improved safety.

FUCHS opens new, state-of-the-art plant in Ba Ria-Vung Tau, Vietnam

Retrieved on: 
Friday, September 15, 2023
STD, Fuchs Group, Lubricant, EUR, VIETNAM, Mining, Growth, LTD, Rare-earth element, Petroleum jelly

MANNHEIM, Germany, Sept. 15, 2023 /PRNewswire/ -- The FUCHS Group, which operates globally in the lubricants industry, is opening a new plant in Ba Ria-Vung Tau, Vietnam.

Key Points: 
  • MANNHEIM, Germany, Sept. 15, 2023 /PRNewswire/ -- The FUCHS Group, which operates globally in the lubricants industry, is opening a new plant in Ba Ria-Vung Tau, Vietnam.
  • The investment of EUR nine million in the high-tech plant will enable FUCHS Vietnam to serve the growing demand for lubricants in this region.
  • In addition, the range of FUCHS products in Vietnam will be expanded and diversified to suit the strong growth potential of the Vietnamese market.
  • By the end of 2023, FUCHS LUBRICANTS VIETNAM will increase its workforce to 35 employees.

EQS-News: FUCHS opens new, state-of-the-art plant in Ba Ria-Vung Tau, Vietnam

Retrieved on: 
Saturday, September 16, 2023
Fuchs Group, STD, Lubricant, EUR, RTÉ Executive Board, VIETNAM, Mining, SE, Growth, News, Rare-earth element, Petroleum jelly

FUCHS opens new, state-of-the-art plant in Ba Ria-Vung Tau, Vietnam (news with additional features)

Key Points: 
  • FUCHS opens new, state-of-the-art plant in Ba Ria-Vung Tau, Vietnam (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • FUCHS opens new, state-of-the-art plant in Ba Ria-Vung Tau, Vietnam
    The FUCHS Group, which operates globally in the lubricants industry, is opening a new plant in Ba Ria-Vung Tau, Vietnam.
  • In addition, the range of FUCHS products in Vietnam will be expanded and diversified to suit the strong growth potential of the Vietnamese market.
  • Daniel Henn, Managing Director FUCHS Vietnam, adds: "This is a historic moment for FUCHS Vietnam.

EQS-News: FUCHS further intensifies activities in South America and takes over 100% of FUCHS LUBRICANTS SpA in Chile

Retrieved on: 
Monday, September 4, 2023
Fuchs Group, Food, Lubricant, RTÉ Executive Board, Acquisition, Mining, Petroleum jelly

The FUCHS Group, which operates globally in the lubricants industry, expands its presence in South America with the full acquisition of FUCHS LUBRICANTS SpA in Chile.

Key Points: 
  • The FUCHS Group, which operates globally in the lubricants industry, expands its presence in South America with the full acquisition of FUCHS LUBRICANTS SpA in Chile.
  • On September 1, 2023, the joint venture seamlessly transitioned into a wholly owned subsidiary of the FUCHS Group.
  • FUCHS LUBRICANTS SpA was founded in 2018 when FUCHS acquired the lubricants business of Comercial Pacific Ltda.
  • Yasser Majluf, Managing Director of FUCHS Lubricants SpA in Chile, adds: “The Chilean lubricant market offers significant potential for FUCHS.

EQS-News: Changes in the Executive Board of FUCHS PETROLUB SE

Retrieved on: 
Sunday, December 18, 2022
Life, Fuchs Group, Chemistry, Rejuvenation, Internationalization and localization, DEA, OEM, Supervisory board, RTÉ Executive Board, Mining, Medical device, Management

Dr. Lutz Lindemann has been working for the FUCHS Group for 24 years and since 2009 he is a member of the Executive Board.

Key Points: 
  • Dr. Lutz Lindemann has been working for the FUCHS Group for 24 years and since 2009 he is a member of the Executive Board.
  • Dr. Sebastian Heiner will take over the entire technical area of responsibility from Dr. Lindemann as of January 1, 2023 and will join the Executive Board of FUCHS PETROLUB as new CTO.
  • These changes result in a further rejuvenation of the Executive Board and set clear focus on the topics of sustainability, digitalization and internationality.
  • With the newly formed Executive Board team, FUCHS is well positioned for the future.

Synthetic Lubricants Market to be Worth $23.4 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Tuesday, December 13, 2022
Volkswagen, Travel, Maintenance, GCC, BMW, Paos, Ester, Heat, Volume, Natural gas, PAO, PAG, Viscosity, Fluid mechanics, Growth, OEM, Safety, Throughput, Distillation, Automatic transmission fluid, Lubricant, Temperature, SAN, Fuchs Group, USD, Friction, Acquisition, Renewable energy, Synthetic oil, Oil

Several functional benefits associated with PAO-based synthetic lubricants such as anti-wear and varnish control properties have fueled their usage in various industrial applications.

Key Points: 
  • Several functional benefits associated with PAO-based synthetic lubricants such as anti-wear and varnish control properties have fueled their usage in various industrial applications.
  • This is expected to augment demand for engines, in turn, driving the demand for synthetic lubricants in engine oil application.
  • The growing natural gas production in GCC is also driving the demand for synthetic lubricants in the market.
  • Grand View Research has segmented the global synthetic lubricants market on the basis of product, application, and region:
    Synthetic Lubricants Market -Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

EQS-News: FUCHS PETROLUB SE: Industrial-scale pilot plant for production of high-performance battery electrolytes

Retrieved on: 
Thursday, September 22, 2022
CEO, Running, Electrolyte, Growth, GERMANY, Solution, Motor vehicle, Fuchs Group, Electric battery

The first pilot production line for high-performance battery electrolytes is set to commence operations at the FUCHS location in Kaiserslautern in October 2022.

Key Points: 
  • The first pilot production line for high-performance battery electrolytes is set to commence operations at the FUCHS location in Kaiserslautern in October 2022.
  • The globally operating FUCHS Group first announced its investment in E-Lyte Innovations GmbH back in May.
  • After just a short construction period, the state-of-the-art and flexible pilot plant will soon be ready to begin production.
  • Additionally to the pilot plant, a state-of-the-art production facility will also be constructed in Kaiserslautern.