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.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


EU to impose strict rules on biocides

BRUSSELS, BELGIUM: Biocides ranging from rat poisons to disinfectants will be subject to tougher safety checks, following a European Parliament vote. ...

Read more
BP forecasts robust global energy demand to 2030

LONDON, UNITED KINGDOM: Global energy demand will continue to grow over the next twenty years, albeit at a slowing annual rate, fuelled by economic an ...

Read more
Chevron Phillips Chemical announces management changes

THE WOODLANDS, US: Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) has recently made management changes, effective February 1, 2012. ...

Read more
Foster Wheeler awarded contract for LNG receiving terminal in India

ZUG, SWITZERLAND: Foster Wheeler AG announced that its Indian subsidiary, Foster Wheeler India Private Limited, part of its Global Engineering and Con ...

Read more
Calorie burning hormone discovered

BOSTON, US: Obesity, diabetes and dystrophy are the common problems that we face today. Researchers have discovered a natural hormone that acts like ...

Read more
DSM, Sinochem joint venture for anti-infectives business

ZIBO, CHINA: Sinochem and DSM signed a memorandum of understanding to further explore cooperation opportunities in the field of biotechnology building ...

Read more