Strategic Cooperation Signing Ceremony of FUCHS and Delian

On 28th October 2015, FUCHS lubricants (China) Co., Ltd. and Guangdong Delian Co., Ltd. in Shanghai successfully signed a strategic cooperation agreement. The two sides will make full use of their advantages, carry out in-depth cooperation in the automotive lubricants market, automotive after-market and industrial lubricant field and jointly develop the Chinese market.

Mr. Zhu Qingping, CEO of FUCHS lubricants (China) Co., Ltd. and Mr. Xu Xianda, chairman of board of Guangdong Delia Group Co., Ltd made the signature on the strategic cooperation agreement. Mr. Stefan Fuchs, FUCHS Group chairman of the board, Dr. Timo Reiste, member of FUCHS Group board, Mr. Hartig Klaus, FUCHS Group Executive Vice President East Asia, Mr. Xu Tuanhua, Vice president & General manager of Guangdong Delian, Mrs. Qingfang, deputy General manager and Mrs. Guo Rongna, the member of the board also attended the signing ceremony.

The cooperation is based on the FUCHS group acquisition of the German Pentosin Lubricating Oil Company in May 2015. Pentosin‘s products will become an important supplement to FUCHS Group's global product strategy. FUCHS Group has further expanded its automotive lubricants product portfolio in the field, to provide integrated and comprehensive product solutions to customers around the world. After the two sides’ signature, Delian group will not only be Pentosin lubricating Oil Company’s distributor in China, but also will be a strategic partner of FUCHS Group, leading the synergistic effects in many areas. Delian group will fully utilize FUCHS’s product R&D innovation and technological competitiveness, use the advantages of knowledge with the local market, to strengthen the relationship of customers, develop and explore the local market.