Fuchs Petrolub Will Keep to Expansion Plans, CEO Tells FuW

Fuchs Petrolub AG (FPE) will maintain plans to increase spending on production and distribution even as economies are cooling, Finanz und Wirtschaft reported, citing Chief Executive Officer Stefan Fuchs.

“From today’s perspective there’s no reason to alter this strategy,” the publication reported Fuchs as saying in an interview to be published in tomorrow’s edition. “We’re thinking in longer terms.”

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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