logo
Plus   Neg
Share
Email

FUCHS Enters Joint Ventures In Sub-Saharan Africa - Quick Facts

The FUCHS Group has strengthened the footprint of FUCHS in Sub-Saharan Africa through the acquisition of 50 percent of the shares of three distributors based in Zimbabwe, Zambia and Mozambique. FUCHS has been working with these partners for more than 15
years.

"The distributors have done an excellent job in building the FUCHS brand in their countries and the timing is now right for FUCHS to take an equity stake in the
businesses. Additionally, FUCHS sees significant importance in the development of Africa," said FUCHS SOUTHERN AFRICA Managing Director, Paul Deppe.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's (LOW) is temporarily increasing wages of its employees. The latest move by the hardware retailer is to help its employees cope with the economical effects caused by the ongoing COVID-19 pandemic. The company has hiked salary by $2 per hour for all full-time, part-time, and seasonal hourly associates,... Amazon.com Inc. (AMZN) Founder and CEO Jeff Bezos is donating $100 million to food banks across the U.S. to support poor people who cannot afford food during this coronavirus crisis. Bezos made a $100 million gift to Feeding America, one of the largest U.S. nonprofit focused on food security. Feeding... Facebook on Thursday shared an update on its $100 million small-business grants program announced in March, saying that it will provide $40 million in grants to 10,000 U.S. small businesses that were impacted by the coronavirus pandemic. In March, the social media giant said it is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses.
Follow RTT
>