Aegean Marine Petroleum and SK Lubricants announce global cooperation
Aegean Marine Petroleum Network Inc. and SK Lubricants Co., Ltd. announced a global cooperation agreement between the two companies that will allow Aegean to increase its sales volumes in the marine lubricants market and SK Lubricants to extend its global sales network.
Under the global cooperation agreement between the companies, Aegean will supply and deliver marine lubricant products to customers of SK Lubricants in the Aegean lubricants network, which currently covers 45 countries and 550 ports worldwide, and SK Lubricants will provide Aegean’s customers in South Korea with marine lubricant products.
“Our agreement with SK Lubricants will allow Aegean to expand sales volumes for our marine lubricants and further extend our presence in the Asian market. The marine lubricants market, although a smaller business for our company, continues to yield high operating margins and is a highly profitable revenue stream,” said E. Nikolas Tavlarios, president.
Kwan Ho Choi, SK Lubricants CEO and president, commented, “We are pleased to expand our global supply capabilities through this cooperation agreement with Aegean. By accessing Aegean’s strategic marine lubricants network in major markets, we will have the capacity to expand our global reach and meet and exceed the needs of our customers worldwide.”
(June 25, 2013)
