Fuchs has opened a new $4.5 million, 5,000 square metre warehouse in Melbourne, as part of its drive to turn the company’s Asia Pacific operations into the region’s major hub for lubricants research and development.
Fuchs Lubricants Australasia is a wholly-owned subsidiary of the family-owned German company Fuchs Petrolab SE.
Fuchs – the world’s largest independent lubricants maker – has 12 distribution sites in Australia and New Zealand, and recently announced an increase before interest and tax of 10 per cent in the second quarter.
It launched a lubricants research and development centre in Sunshine, Melbourne in 2011. As part of its announcement today, it mentioned that $1.5 million had been allocated to boost capacity and efficiency at its factory in Sunshine.
Wayne Hoiles, the managing director of Australia and New Zealand, said that investment in the company’s Australian operations was of great importance.
“The warehouse, which is currently fully operational, was built to cater for the growth of the business and future expectations of growth in Australia and New Zealand,” Hoiles said in a statement.
“Fuchs are proud of our over 100 year heritage in Australia, and we will continue to invest and develop in the region to meet growing demand and achieve our mission of providing the Australian industry and consumers with the highest quality lubricants, greases and oils.”
Fuchs was founded in Germany in 1931. It partnered with the Steel Improvement Company, based in Sunshine, in 1980 – taking a 40 per cent stake –
before gaining total ownership in 1989.