
Fuchs, which is based in Germany but operates globally in the lubricant market, has announced a new joint project in South America with Flavio and Arnaldo Rubini. They are invested in REMSAC, which distributes Fuch’s products in Peru.
Fuchs’ deputy chairman with responsibility for the Americas, Dr. Timo Reister, said:
“We thank our joint venture partners Arnaldo and Flavio Rubini for their trust, and we are excited to develop the market in Peru together. With Peru becoming an increasingly important lubricants market in South America, an expansion of our footprint aligns to our goal of growing our reach in this region.”
He added that the company would be better able to foster relationships with customers and react to the specific needs of the local market thanks to the joint venture.
The 12 employees of the company have been transferred to a newly formed subsidiary of which the Rubini brothers will own a 40% interest. Fuchs will hold the remaining 60%.
Reister also said that the market for lubricant products in Peru was becoming increasingly important, and that the joint venture would help expand the company’s reach in the region.
Fuchs was founded as a family business in 1931 in Mannheim, Germany, but it has since spread to over 50 countries to become the world’s biggest independent supplier of lubricant solutions for a range of applications and industries. Through its 55 operating companies and 33 production sites, the company generated some 3.5 billion in revenue in 2023.