Liqui Moly Invests 20 Million


German motor oil and aftermarket additive manufacturer Liqui Moly will invest nearly 20 million (U.S. $27.4 million) in development and production by 2015, including 17 million in its lubricant business.

The company will double its laboratory capacity and boost oil production. More personnel, more equipment, more space – quality control and new developments are vital for us and are simply a part of our Made in Germany concept, Ernest Prost, Liqui Molys managing partner, said in a news release. This includes installing new tanks to increase the companys production capacity and make things more flexible.

Ulm, Germany-based Liqui Moly will also invest in its grease manufacturing plant, procuring new grease vessels to meet increasing demand.

An additional 2.5 million investment will go towards production of aftermarket additives, including a new filling plant capable of handling production peaks, new tanks to triple storage volume, and a new exhaust purification system to filter out emissions.

The 20 million investment – largest in the companys history – follows investments of 12 million that the company made two years ago for storage tank facilities. The company has increased its number of employees by 53 to a total of 646 in 2013. In January, Liqui Moly plans to hire 12 new employees.

The companys products are sold in Germany and in 100 other countries.

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