Fuchs Petrolub SE on Monday opened a blending plant in Yingkou, China, one of two that the company now operates in the country. The new facility replaces a smaller 25-year-old plant that was also located in Yingkou.
The German lubricant manufacturer did not disclose the capacity of the new plant but said it is one of the companys largest blending plants and that it cost 24 million (U.S. $33 million) to build. Management said the project will allow the company to broaden its product offerings in China and the region.
With the new plant, Fuchs finalizes an important step in China to supply domestic and international customers in many different industries, including automotive manufacturers and
automotive supply, steel, mining, food, transportation, off-highway and agriculture with high quality lubricants manufactured to German technological and quality standards, the company said in a news release.
Yingkou, in Liaoning Province, is a port city on the Bohai Sea. Fuchs other China blending plant is a five-year-old facility in Shanghai. The company has 15 offices in the country and employs more than 300 people there. In 2012, China accounted for approximately 10 percent of Fuchs worldwide sales revenues of 1.8 billion.
Fuchs is based in Mannheim, Germany, and is the worlds largest independent lubricant manufacturer.