Evonik Oil Additives appoints new distributor in S. Africa
Evonik Oil Additives has restructured its distribution setup for its products in South Africa, with the appointment of Umongo Petroleum (PTY) Ltd as its new distribution partner.
Evonik’s lubricant additives business develops formulation solutions and base oil technologies that improve fuel economy and flow efficiency of automotive lubricants for passenger cars and commercial vehicles and increase energy efficiency and productivity of industrial lubricants for construction, mining, agricultural, and manufacturing equipment.
“We are looking forward to the partnership with Umongo Petroleum. I am certain that the company’s customer centric approach and prominence will contribute to the success of the Oil Additives business line distribution in the Republic of South Africa,” said Dr. Can Turhan, head of Global Channel Management, Evonik Oil Additives.
Distribution to start officially in January 2022
Umongo Petroleum will officially start distribution of Evonik Oil Additives in January 2022. The portfolio contains VISCOPLEX® and VISCOBASE® viscosity index improver, pour point depressants and synthetic base oils.
Earlier, Azelis, a global specialty chemical and food ingredient distributor based in Antwerp, Belgium, announced that it is acquiring the majority stake in Umongo. Umongo is currently majority owned by the Omnia Group. The transaction is expected to close in the fourth quarter, pending fulfilment of customary closing conditions.
Evonik Industries AG, the parent of Evonik Oil Additives, is a stock-listed German speciality chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second largest chemicals company in Germany, and one of the largest speciality chemicals companies in the world. The company is active in more than 100 countries around the world and generated sales of EUR12.2 billion (USD14.2 billion) and an operating profit (adjusted EBITDA) of EUR1.91 billion (USD2.22 billion) in 2020.