Freudenberg to Build Lubricants Facility in Shanghai
[2008-4-15]
On March 6th, Freudenberg Chemical Specialities KG (FCS), a Freudenberg Group company, announced it will open a new production facility in Qingpu near Shanghai after a construction period of just under one year.
With an investment of some RMB200 million, the new production facility is one of the Munich-based group's largest single investments. Klueber Lubrication and Chem-Trend, two business units of FCS, will produce specialty lubricants and release agents at the Qingpu site. Both companies have been active in China for decades and already operate expanding sales companies in the country.
The Qingpu site has a total area of over 30 000 m2. The plant is designed for a maximum annual capacity of almost 13 thousand tons of lubricants and release agents. The site layout includes an optional reserve of almost 20 000 m2 which can be used to meet future increases in demand.
According to Freudenberg, China is one of the few lubricant markets in the world which, in contrast to the almost stagnating global market, continues on its growth path. Total consumption rose by almost 50% between 1995 and 2005. Annual consumption of all types of lubricants in China is between 4 and 4.5 million tons, the second largest consumption worldwide.
With an investment of some RMB200 million, the new production facility is one of the Munich-based group's largest single investments. Klueber Lubrication and Chem-Trend, two business units of FCS, will produce specialty lubricants and release agents at the Qingpu site. Both companies have been active in China for decades and already operate expanding sales companies in the country.
The Qingpu site has a total area of over 30 000 m2. The plant is designed for a maximum annual capacity of almost 13 thousand tons of lubricants and release agents. The site layout includes an optional reserve of almost 20 000 m2 which can be used to meet future increases in demand.
According to Freudenberg, China is one of the few lubricant markets in the world which, in contrast to the almost stagnating global market, continues on its growth path. Total consumption rose by almost 50% between 1995 and 2005. Annual consumption of all types of lubricants in China is between 4 and 4.5 million tons, the second largest consumption worldwide.
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