FUCHS opens a new lubes plant in Vietnam

The FUCHS Group opened a new lubes plant in Vietnam. This plant will enable FUCHS Vietnam to serve the growing demand for lubricants in this region and to respond faster to local market demands. In addition, the range of FUCHS products in Vietnam will be expanded and diversified to suit the growth potential of the Vietnamese market.

The new plant covers an area of 20,000 m² and will be expanded in two construction phases, the first of which has already been completed. The plant consists of offices, a laboratory, production and filling, a tank farm, and a warehouse. Currently, the plant has a capacity of 20,000 Tonnes per year. The production portfolio includes automotive oils, industrial oils, metalworking fluids and products for the mining industry. Production will start in the fourth quarter of 2023.

Stefan Fuchs, Chairman of the Executive Board of FUCHS SE, said: “My thanks go to our joint venture partner, Nguyen Mai Son, for his vision and unwavering commitment to FUCHS and the Vietnamese market. Without his support the construction would not have been possible. Our Vietnamese joint venture with the owner of STD & S Co., Ltd. has paved the way for the FUCHS Group in this important market and laid the foundation for another important base in Asia.”

Daniel Henn, Managing Director of FUCHS Vietnam, added: “This is a historic moment for FUCHS Vietnam. We are celebrating the expansion of our global presence and strengthening our local capabilities here at the right time, as Vietnam is an emerging market with great growth potential and plays a key role in diversifying supply chains. We are excited to be part of Vietnam’s promising future with our new plant, while providing even better product solutions and services to our customers.”

FUCHS has been active in Vietnam with a sales office since 2013. In 2021, the FUCHS Group acquired 70% of the lubricants business of STD & S Co., Ltd., a distributor of specialty lubricants based in Vietnam. The business was integrated into the subsidiary FUCHS LUBRICANTS VIETNAM COMPANY LTD., in which the owner of STD & S Co., Ltd. holds a 30% share.