Read in Myanmar | Subscribe Now
Friday, October 21, 2016
Search...
Go
MyOpenAds
NATIONAL NEWS
BUSINESS
PULSE
SPORTS
OPINION
IN DEPTH
SPECIAL FEATURES
IN PICTURES
ELECTION 2015
PANGLONG
JOBS
Local firms to sell Japanese
lubricant
By Aye Nyein Win | Wednesday, 10 August 2016
Like 138
0
Tweet
Share
3
Japanese firm JX
Nippon Oil and
Energy Asia has signed agreements with two Myanmar firms to
distribute its ENEOS­brand lubricant products in Myanmar.
Myanma Golden Star subsidiary MGS Lubricant began selling ENEOS
lubricants in lower Myanmar on August 8, and Rainbow Bridge Distribution
will be responsible for distribution in upper Myanmar, according to a press
release from MGS Lubricant.
U Thein Tun, chair of Myanma Golden Star, is also chair of Myanmar
Consolidated Media, which owns The Myanmar Times. MGS Lubricant said
Myanmar is one of the fastest-growing markets for automotive lubricant
products across ASEAN states.
The company pointed to research from industry firm Solidiance from 2013,
which estimated Myanmar consumed 78 million litres of lubricant products
that year and predicted yearly double-digit percentage growth in consumption.
The government’s loosening of vehicle import policy has brought a wave of
mostly used cars onto Myanmar’s roads, with Japanese brands heavily
favoured. And there are already over 100 brands of motor lubricant imported
to Myanmar.
KC Tong, an ENEOS global marketing strategist from JX Nippon Oil and
Energy’s lubricants sales and marketing department, said the company had
studied the Myanmar market closely.
Many people in the country use Japanese cars, which will need standardquality lubricant in order to be maintained for long-term use, he said. The firm
will use workshops and representatives to try and educate Myanmar
consumers on the importance of quality lubricant, he said.
Most Read ­ Business
Myanmar weighs merits of India bean
agreement
DICA halves registration fees for private
companies
Energy ministry cools Pertamina
speculation
Gold prices slump
Bangladesh border trade stutters
Asian Wings, ANA deal cancelled
Tender planned for $2b Yangon-Mandalay
railway upgrade
Ministry promotes LPG industry
Agriculture sector hoping new economic
policy will strengthen entire value chain
Traders resist gem trading centre move
Most Read ­ Property News
YCDC’s list of buildings without permits
drops in August
Construction and housing bank to extend
duration on lending for low-cost housing
YCDC issues stern warning to developers on
unpaid tax
Property market taking a breather: agents
Agents say state auction to have limited
market impact
Signing a lease: What you need to know
Property brokers eye offshore condo sales
Few ‘condos’ qualify under new law, say
experts