PTT yesterday appointed Tunn Star as its lubricant distributor in Burma in a bid to boost its annual sales volume there to 5 million litres.
Atasit Pho-aphiyanvisut, PTT's president for commercial and overseas marketing, signed a five-year distribution agreement with Tunn Star chairman Tony Chai.
"PTT has worked with Tunn Star since 2007. It has been operating in the business for more than 40 years and is dedicated to boosting sales in this fiercely competitive market in which more than 100 local and foreign companies are active," Athasit said.
He is confident the agreement will lead to higher confidence in PTT lubricant products, which meet international standards.
PTT is already experiencing growing sales volume in Burma, from 2 million litres last year to an expected 3 million next year. This has boosted the company to 5th place in the Burmese market, and it expects to move into the top three soon.
PTT first started exporting its lubricant products in 2005, and they are now available in the Philippines, Laos, Cambodia, Vietnam, Greece, Pakistan, Nigeria, New Zealand and China.
The oil and gas conglomerate first entered the lubricant business in 2001, supported by one of the most advanced research - and - delelopment centres in Southeast Asia.
PTT has worked with leading producers of additives to increase product quality and cover all market segments.
It now controls the biggest share in the Thai market, 36.81 per cent as of July.
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