Following a strong fourth quarter and 2017, Fuchs Petrolub SE plans to focus on investing in China, the United States and Germany during 2018, the company stated in its annual report released last week. After opening several new facilities throughout 2017, the independent lubricant blender plans to open more over the next few years.
Sales revenue for 2017, originally listed in a February provisional report, jumped 9.1 percent to almost 2.5 billion (U.S. $3.1 billion). The 9 percent organic growth in sales revenues shows that our growth initiative is increasingly taking effect. We have grown substantially, in particular in China and the U.S., said Stefan Fuchs, chairman of the executive board, in a letter to shareholders.