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Fuchs Says Jointly-owned Saudi Production Facility Severely Damaged by Fire
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04:19 AM EDT, 07/31/2026 (MT Newswires) -- Fuchs (FPE.F) said Friday its jointly-owned production site in Yanbu on Saudi Arabia's Red Sea coast was severely damaged in a fire on July 25. Operations at the facility, owned by the joint venture Alhamrani Fuchs Petroleum Saudi-Arabia, are suspended until further notice. No employee injuries were reported, the German lubricants supplier noted. Fuchs, which owns a 32% stake in the joint venture, added that planning for the facility's reconstruction has commenced. The company is also focusing on ensuring supplies to customers through alternative production and sourcing options.
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