Thai conglomerate PTT Plc has appointed Tunn Star Co as its exclusive lubricant distributor in Myanmar in a bid to boost its sales to 15 million litres in the next five years.
Under a new contract, Tunn Star will distribute lubricant products in the Myanmar market that PTT began penetrating six years ago. The company has experienced healthy growth in Myanmar under the distribution of its current business partner. PTT currently has an 8 per cent share of the lubricant market, and the products are the third best sellers. The company expects sales to reach 15 million litres at the end of its five-year contract. Such a move is in line with its goal to become the top regional brand. Apart from Myanmar, the company’s products are now available in the Philippines, Laos, Cambodia, Vietnam, Greece, Pakistan, Nigeria, New Zealand and China.