During its first year as part of the Würth Group, LIQUI MOLY has achieved a new record turnover of €544 million. However, the company says growth has been more subdued than in previous years due to external influences such as International trade disputes, the hot summer and dramatically increased crude oil prices.

Ernst Prost, LIQUI MOLY CEO said business with China was significantly down due to trade disputes, and that trade with Russia, a significant export market for the company, has also decreased rapidly over the last two years due to the substantial devaluation of the ruble. However, one of the stars of the LIQUI MOLY export effort was the impressive development in Ireland. Here the company posted a 32% turnover increase year on year.

LIQUI MOLY continues to invest heavily in research and development. Spending in this area has risen to almost € 6 million. "Modern lubricants are highly complex solutions. If you want to stay at the top of the game, you need the latest technology for development and quality testing," explains David Kaiser who is responsible for this area and for application technology.

Another area of investment is in people. 24 jobs were created in 2018, meaning a total of 848 people are now employed in Ulm, Saarlouis and the international subsidiaries. "We are more than happy to be spending this money, it is always a pleasure to be creating jobs." says Ernst Prost.