Afton Chemical Corporation has appointed Cormart Nigeria Plc as its official distributor of lubricants additives in Nigeria.
Afton Chemical Corporation, headquartered in Richmond, Virginia, United States, is a world leader in performance additives across fuels, lubricants and specialty chemicals while Cormart Nigeria Plc is one of the largest local chemical distributors in Nigeria.
They form part of the wider TGI Group (Tropical General Investment), a major player across the Agricultural Sector, Starches, Beverages and Meat products market segments.
The new relationship brings Afton’s world class lubricants additive product portfolio back into the Nigerian market.
Sales Manager, Sub-Saharan Africa for Afton Chemical Corporation, Sagar Sen, said the partnership will offer Nigerian lubricants blenders the opportunity to access Afton’s technologically advanced products with the comfort of having local stock in Nigeria.
This, he said, would minimize working capital costs, import and production delays and optimize their supply chains.
General Manager of Cormart Nigeria plc, Manoj Nair said despite the current economic condition in Nigeria, the partnership goes to prove that global companies like Afton Chemical Corp are still investing for the long term into the African continent supporting local companies, creating wider economic opportunities and investing resources on training and development.