AIT Synergy eyes 3% of fuel additive market

In Malaysia, AIT Synergy Ventures Sdn Bhd aims to capture 3% of the country’s auto fuel additive market, after it won a master dealership to distribute a new product from Amoil Sdn Bhd. AIT Marketing Manager Murugesu M. Narasimha expects to sell some 234,000 units of the product called Amtec this year. “This would translate into RM1.2 million (US$347,071) in revenues for the company, coming solely from the auto sector,” Narasimha said in a press conference. (June 15, 2007)