Fuchs, Cosan Earnings Up


Cosan Lubrificantes reported increased revenues in the fourth quarter and full year, compared to 2013s fourth quarter and full year, while 2014 profits and revenue were up for Fuchs Petrolub, compared to a year earlier.


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Independent lubricants blender Fuchs Petrolub SE posted 219.9 million (U.S. $240.2 million) in profit after tax, for 2014, up 6.4 percent from 218.6 million in 2013.

The Mannheim, Germany-based company released provisional earning figures on Feb. 20 and full figures, including regional sales revenue, in its 2014 annual report yesterday.

Sales revenue during 2014, reached 1.9 million, up 2 percent. Sales revenue increased slightly in all regions Fuchs operates in, compared to 2013 – by 0.8 percent to 1.1 billion in Europe, by 3.7 percent to 516.5 million in Asia-Pacific and Africa combined, and by 2.8 percent to 316 million in North and South America. Consolidation costs subtracted 79.5 million from total revenue in 2014.

Growth outside Europe was slightly more dynamic than anticipated and forecast, Fuchs stated in its annual report. In particular China, yet also North America, recorded impressive gains. Even Europe, the largest group region, was able to generate a slight increase, despite operating in a weak economic environment and having to contend with the crisis in Russia and the Ukraine.

In the annual report, Fuchs said it invested more than 24million in a new lubricants facility in the Chinese port city of Yingkou, where the company produces lubricants for automotive manufacturers and suppliers, as well as the steel, mining, transport and agriculture sectors.


Cosan Lubrificantes net revenue from the sale of lubricants and other goods and services and the resale of base oils increased 2.1 percent to 400 million reais (U.S. $121.4 million) in 2014s fourth quarter, up from 391 million reais a year earlier.

For full year 2014, its net revenue rose 3.8 percent, reaching $1.6 billion Brazilian reais.

This result is due to higher average unit price and a 1.3 percent increase in the volume sold, which totaled 319.8 million cubic meters, compared to 2013 results, the company stated in its earnings release. A lower volume of finished lubricants sold was offset by higher volumes of base oils sold, Cosan indicated in its earnings presentation

According to Cosan, its lubricants segment results include the manufacturing and distribution of Mobil and Comma lubricants, and the resale of base oil and automotive specialties in Brazil and in 40 other countries. The products are produce at plants in Rio de Janeiro, Brazil, and in Kent, United Kingdom.

Sao Paulo, Brazil-based Cosan, a producer of sugar and ethanol products since 1936, expanded through acquisitions beginning in 2008 to become a distributor of fuels and lubricants.

Novvi, a joint venture between Cosan and U.S. research firm Amyris, develops renewable synthetic base oil from sugarcane.

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