FUCHS is securing its future viability and making huge investments…
Following a foundation, internationalization and consolidation phase, we are now in our growth phase. In 2018, we again recorded further growth with sales of €?2.6 billion. This makes us glad and we intend to continue this trend. Thanks to our FUCHS?2025 initiative, we are preparing ourselves for the challenges that this period of expansion will entail – and, of course, making the required financial resources available. We plan to invest more than €?100 million each year up to 2021. Most of this will be allocated to new plants and plant expansions. Over the coming three years, for example, around €?50 million will be invested in our home location in Mannheim, where we have purchased two plots of land so that we can increase our floorspace by 25?% to 135,000 square meters – a measure that will free up a host of opportunities. This is where we will be constructing a new office building and a high-bay warehouse for raw materials.
In addition, you doubled investment in research and development over the past ten years. The Global Research & Development network constitutes an extremely efficient international research structure. FUCHS’ in-house innovative strength seems to be very highly valued.
That’s right. Our nucleus of research is based here in Germany, but we want to expand above all in the USA and China. It is important to us that local OEMs have access to locally made FUCHS products. It is also important that we support the advancement of pioneering developments such as e-mobility by providing outstanding solutions – after all, new technologies like this require new lubricant applications. Therefore we established our highly successful, global research network. In “Global Key Working Groups,” scientists conduct research into fundamental solutions – core recipes for various product families – above and beyond the scopes of individual subsidiaries, a process that results in tailor made products for specific customers. This approach to research helps us to lay the foundations for the technology of tomorrow.