FUCHS Broadens South American Reach with Peruvian Joint Venture

On January 23, 2025, FUCHS Group announced a strategic joint venture in Peru, aimed at strengthening its South American market presence. Partnering with Arnaldo and Flavio Rubini, shareholders of distributor REMSAC, FUCHS has established FUCHS PERU S.A.C., taking a 60% shareholding, while the Rubini brothers hold 40%. This venture involves the integration of REMSAC's lubricants business and team into the new company.

This partnership aims to boost brand awareness and provide more value to clients, focusing on key segments like cement, mining, and food and beverage. Moritz Kluger, appointed Managing Director, highlighted the opportunity to deepen customer relationships and better address local demands.

Deputy Chairman Dr. Timo Reister emphasized Peru's growing significance in South America's lubricants market, aligning with FUCHS' regional expansion goals. The joint venture begins operations in January 2025.