Fuchs Petrolub Group AG has acquired a long-term lease for industrial land in India, where it plans to begin building a new lubricants plant in the second quarter as part of expansion plans for its rapidly growing, wholly owned Fuchs Lubricants (India) Pvt. Ltd. subsidiary.
Fuchs has now acquired a 95-years lease for 40,000 square meters of green-field industrial land from the Maharashtra Industrial Development Corporation to set up a new lubricants plant in the Thane district near Navi Mumbai, Fuchs Executive Vice President Alf Untersteller told Lube Report. Untersteller is in charge of the region that includes Turkey, the Middle East, Africa, Central Asia, and the Indian subcontinent. He is also the marketing head for automotive products for the Eastern Hemisphere and Africa.