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Archive 2003

company / business / finances

12.12.2003
Both FUCHS PETROLUBs' capital increases were very positively received by equity markets
FUCHS PETROLUB AG has successfully completed two capital increases: the placement of 144,607 new preference shares on December 10, 2003, and now also the capital increase with subscription rights for FUCHS PETROLUB shareholders with 280,737 new ordinary shares and 270,386 new preference shares.

10.12.2003
FUCHS PETROLUB successfully completed second capital increase
Within the context of the capital increase without subscription rights that was decided upon today, FUCHS PETROLUB AG has placed the maximum volume of 144,607 preference shares as a private placement with institutional investors in Europe.

25.11.2003
FUCHS PETROLUB makes strategically important acquisition
FUCHS PETROLUB AG, the lubricants company with worldwide operations and headquarters in Mannheim, Germany, is to acquire through its French subsidiary the industrial lubricants business of Parker Hannifin, which operates under the brand name of WYNN'S.

14.11.2003
FUCHS achieves substantially higher nine-month earnings
FUCHS PETROLUB AG, the globally active lubricant supplier, increased its earnings after taxes and goodwill amortization for the first nine months of the year 2003 by 19.5% to €22.7 million (same period of 2002: €19.0 million).

18.08.2003
FUCHS generates again increased profits
Active worldwide in the lubricants field, FUCHS PETROLUB AG in Mannheim was able to increase worldwide sales and thus continue internal growth by 3.2% in the first half of 2003 - despite the weak overall economy and resultant weak state of the market.

28.07.2003
Stock split at FUCHS PETROLUB
Under a resolution passed at the AGM of the globally operating lubricants manufacturer FUCHS PETROLUB AG on 5 June 2003, approving a stock split in a ratio of 1 to 3, the stock-exchange listing will now be changed over on Monday 28 July 2003.

05.06.2003
FUCHS PETROLUB's AGM: shareholders welcome continuingly healthy performance
In front of almost 800 shareholders and numerous guests, who in the AGM of the globally operating lubricants producer FUCHS PETROLUB AG in Mannheim represented a share capital of 47 %, the Executive Board Chairman, Dr. Manfred Fuchs, gave an upbeat review of the 2002 business year.

05.06.2003
FUCHS sets the course for future management
Today, the Annual General Meeting of the globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, elected Professor Dr. Jürgen Strube as a member of the FUCHS supervisory board which subsequently appointed him as its new chairman.

02.06.2003
FUCHS grows in Asia-Pacific
The globally operating lubricants producer FUCHS PETROLUB AG in Mannheim continues to grow in Asia-Pacific.

15.05.2003
More success for FUCHS: substantial rise in group profits during the first quarter of 2003
The globally operating lubricants producer FUCHS PETROLUB AG in Mannheim continued to perform successfully during the first quarter of 2003.

23.04.2003
FUCHS: change on the supervisory board and stock split
The supervisory board of the globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, will be proposing to the AGM on 5 June 2003 that Professor Dr. Jürgen Strube be elected to the supervisory board as a representative of the shareholders for the remaining term in office of Dr. Bernd Müller-Berghoff, who will be stepping down from his post as Chairman of the Supervisory Board at the end of the AGM, for age reasons.

15.04.2003
With sales and profits up, FUCHS proposes increased dividends
The globally operating lubricant producer FUCHS PETROLUB AG in Mannheim, Germany, in 2002 achieved the best result in the group's history.

18.03.2003
Sales and profits up substantially at FUCHS
The globally operating lubricants producer FUCHS PETROLUB AG in Mannheim, Germany, finished 2002 with a sizable increase in sales and the highest consolidated profits in its history.

28.02.2003
FUCHS LUBRICANTS sign as official partner for 2003 CARRERA CUP
THE Australian Carrera Cup will have an official oil supplier for its 2003 championship following the announcement of Fuchs Lubricants as an official partner of the series.

24.01.2003
FUCHS opens new plant in Indonesia
Once again, the globally active lubricants producer FUCHS PETROLUB AG in Mannheim managed to make strategic use of the liberalization of the south-east Asian markets and to build a new plant for the production of automotive and industrial lubricants in Indonesia.