Fuchs Lubricants to produce grease in Iran | Ettelaat International Newspaper

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Fuchs Lubricants to produce grease in Iran

TEHRAN – An Iranian company has signed a cooperation agreement with FUCHS Lubricants Iranian Company, a 100% subsidiary of FUCHS Oil Middle East, on grease production. Sepahan Oil Company (SOC)’s technical cooperation agreement envisages establishing a plant for manufacturing and supplying grease under the FUCHS license, the SOC said in a statement.
Greases and lubricants are used in automobiles and motorcycles, transportation and construction, mining and steel industries. Iran is the largest automotive market in the Middle East with its population of 80 million. The country sold 1.1 million cars last year, with new sales expected to reach 1.6 million in 2020, according to US research company IHS Automotive. Iran also has a massive transportation and water supply network and a mammoth construction sector as well as sprawling urban centers.

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