ENOC Group, Meisheng renews agreement for lubricants distribution in China
The agreement will enable ENOC to achieve its plans of distributing more than 20 million litres of products over the next five years, increasing its market share in the country.
ENOC Group has renewed its agreement with Meisheng Investment Development Co. Ltd for another five years, for the exclusive supply and distribution of ENOC Lubricant products in China, according to a company’s press release.
The agreement will enable ENOC to achieve its plans of distributing more than 20 million litres of products over the next five years, meeting the increasing demand for lubricants, greases and oils in the Chinese market, including construction, transport, general manufacturing, power generation and OEM.
“China is one of the strong global markets where we are actively seeking to expand our presence. The new partnership will enable us to gain significant market share,” said CEO, ENOC Group, Saif Humaid Al Falasi.
Meisheng Investment Development is a private company based in China and is involved in import, exports and trade. The company has been associated with ENOC for the past seven years marketing ENOC products in various cities in China.
