Fuchs expands its presence in Africa
15 March 2021
Follows growth in other countries
Lubricant specialist Fuchs has expanded its presence in Africa with a joint venture in Egypt.
The new Egypt Lubricants LLC in Cairo follows recent new operations in Tanzania, Zimbabwe, Zambia and Mozambique, the company said.
The new entity is founded by Fuchs Oil Middle East LTD, a joint venture between Fuchs Petrolub SE and Alhmrani Group of Saudi Arabia, Fuchs’ partner for numerous operations across Middle East and North Africa (MENA) since the 1980s.
“Egypt is one of the three largest economies in Africa by GDP, and one of the most industrialized markets on the continent. Fuchs and our partner, Alhamrani, see Egypt as strategic to operate closely with clients in fields like Industrial, commercial fleet and automotive retail,” said Alf Untersteller, responsible for Turkey, Africa and Middle East in the Fuchs Group.
Fuchs Egypt Lubricants employs 23 people and is already supplying key customers in Egypt, who can now further build on a direct Fuchs operation in the country, supported by international resources.