Liqui Moly's largest investment in years

The German motor oil manufacturer Liqui Moly is investing 11.6 million Euros ($16 million) to build new tank storage facilities and expand its oil plant.

August 2011 – German motor oil and additive specialist LIQUI MOLY makes largest investment in years. LIQUI MOLY is spending 11.6 million Euros ($16 million) for a new tank farm in the vicinity of its oil plant as well as expanding production there."This is a major step for our mineral oil plant and for the employees in the company", stated Ernst Prost, manager and proprietor of LIQUI MOLY at the cornerstone laying ceremony.

The tank farm will be constructed at the inland waterway harbor of the City of Dillingen just a few kilometers away from the oil plant. The ten tanks with a volume of 1800 cubic meters each supplement the storage capacity already present on the oil plant grounds. The tank farm will cost eight million Euros ($11 million) and is scheduled to go into operation in the summer of 2012.

"An absolutely essential investment", according to Ernst Prost. "Without it we could not continue our growth to the extent planned." Presently LIQUI MOLY records turnover growth in the two-digit percentage range. LIQUI MOLY was elected the most popular motor oil in Germany this year. However, further growth is anticipated particularly in other countries; not primarily in the domestic market in Germany. Here the USA plays a special role. This is one of LIQUI MOLY's most important export markets and turnover here is increasing continuously in the two-digit percentage range.

"It would be almost impossible to fulfill these plans without the new tank storage facilities." Another reason for this construction project: The additional storage capacity for 18 million liters make the motor oil manufacturer less dependent on price variations on the crude oil market.

"Construction of the tank farm is a clear commitment to our "Made in Germany" production policy", asserted Ernst Prost. LIQUI MOLY pro-duces exclusively in Germany, to ensure that the same high quality is offered the world over. Approximately 30 new jobs will be created in the course of building the tank farm. "People are essential for our growth plans and strategies. Naturally the tank farm is important, but it also re-quires people for its operation. Without employees, not one single hinge moves." The LIQUI MOLY Group current employs a staff of 557. When the tank farm is put into operation, it will no longer be necessary for tank trucks to drive hundreds of kilometers several times each day from the refineries in the Netherlands and Belgium to the oil plant; then only one inland river barge will be required every two weeks. Trucks will then only have to drive the last few kilometers from the tank farm to the oil plant. "The tank farm will therefore provide a positive contribution to preserving our environment", added Prost.

Simultaneously with construction of the tank farm, the oil plant itself will be expanded: More storage area will be created, additional mixing vessels and storage tanks will be installed and production optimized. The investments at the plant amount to an additional 3.6 million Euros ($5 million). Production will continue during the construction work.

"With these investments we will be well situated to continue along our road to success and make the LIQUI MOLY brand as strong in other countries as it is in Germany", stated Prost.

LIQUI MOLY is available at Worldpac, IMC, NAPA, Bavarian Autosport, Northside Imports and SSF.

About LIQUI MOLY
LIQUI MOLY GmbH from Ulm in South Germany offers a wide range of qualitative high-quality products such as motor oils, additives, vehicle care products and service products. The range includes some 4000 items. LIQUI MOLY develops and tests their products in their own laboratories, manufactures exclusively in Germany and markets all of their products themselves. LIQUI MOLY was founded some 50 years ago and is now one of the leading companies in the industry. The products are sold in Germany and in 90 other countries.

For more information, please contact:

LIQUI MOLY USA		LIQUI MOLY Headquarters
Mr. Gary Boyd 1820 Clark Avenue Long Beach, CA 90815 Tel. 001 562 5975519 Cell: 001 5627607023 glb90815@yahoo.com		LIQUI MOLY GmbH Peter Szarafinski Jerg-Wieland-Str. 4 89081 Ulm-Lehr Germany Tel.: +49 7 31/14 20 189 Fax: +49 7 31/14 20 82 Peter.Szarafinski@liqui-moly.de

Downloads

Liqui Moly's largest investment in years - press release for download - (storage_tanks_US.doc | 146 KB)
Construction site of the future storage tanks - Ernst Prost (center) with his personal assistants Ingrid Theobald (left) and Alexandra Holzwarth (right) - photo for download - (construction_site_storage_tanks.jpg | 2,4 MB)
Oil Factory - photo for download - (oil_factory.jpg | 2 MB)


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