Fuchs Petrolub : is expanding its presence in Africa with a new joint venture in Egypt

In addition to the expansion of the African business that has already taken place with new companies in Tanzania, Zimbabwe, Zambia and Mozambique, FUCHS is now announcing the establishment of a new company in Egypt.

The new sales company FUCHS EGYPT LUBRICANTS LLC has been operational and operational since 2021. The main office and a central warehouse are located in Cairo. Products are imported from Saudi Arabia and Europe.

'Measured by GDP, Egypt is one of the three largest economies in Africa and one of the most industrialized markets on the continent. FUCHS and our partner ALHAMRANI regard Egypt as a strategically important country and rely on close cooperation with customers from the industrial and transport sectors and specialist vehicle dealers, 'explains Alf Untersteller, who is responsible for the regions Turkey, Africa and the Middle East.

The new company was founded by FUCHS OIL MIDDLE EAST LTD - a joint venture between FUCHS PETROLUB SE and the ALHAMRANI Group from Saudi Arabia, with which FUCHS has been working very closely in the Middle East and North Africa (MENA) since the 1980s. cooperates.

FUCHS EGYPT LUBRICANTS LLC has 23 employees and already supplies important customers in Egypt. They now benefit from a direct local FUCHS branch supported by international resources.

Contact:

Tel: [phone]

Email: [e-mail]

Web: www.fuchs.com/gruppe

About FUCHS

The FUCHS Group develops, produces and sells high-quality lubricants and related specialties for almost all industries and areas of application . The company, which was founded in Mannheim in 1931, employs almost 6,000 people in 58 operating companies worldwide. FUCHS is the world's largest provider of independent lubricant manufacturers. The most important markets in terms of sales are Western Europe, Asia and North America.

Important NOTE

This press release contains forward-looking statements that are based on assumptions and estimates made by the management of FUCHS PETROLUB SE. Even if management is of the opinion that these assumptions and estimates are correct, actual future developments and actual future results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include, for example, changes in the overall economic situation, procurement prices, exchange rates and interest rates, and changes in the lubricants industry. FUCHS PETROLUB SE assumes no guarantee and no liability forthat future developments and future actual results will be consistent with the assumptions and estimates expressed in this press release.

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