Opet-Fuchs JV acquires automotive lubricants business from Opet

Opet-Fuchs JV acquires automotive lubricants business from Opet

1:14 AM, 20th January 2012
Opet-Fuchs JV acquires automotive lubricants business from Opet
Opet-Fuchs acquires Opet’s automotive lubricants business.

IZMIR ALIAGA, TURKEY: Opet-Fuchs, the joint venture between Fuchs Petrolub and Opet, has acquired the automotive lubricants business from Opet. All lubricant activities of the partners operating in Turkey are now incorporated within the joint venture. Opet-Fuchs is set to begin construction work on a new lubricant blending plant near Izmir Aliaga this year, replacing the existing Opet plant which was taken over by the joint venture. “Bringing together the know-how and technological infrastructure in automotive and industrial products of Fuchs which has more than 10 thousand formulations with wide distribution network and sale power Opet has in Turkey, we aim to be market leader both for automotive and industrial oils in a short time,” said Murat Seyhan, General Manager, Opet-Fuchs.

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