Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
Developed in conjunction with Ext-Joom.com
Mezahem H. Basrawi, CEO of Alhamrani FUCHS Petroleum.
Mezahem H. Basrawi, CEO of Alhamrani FUCHS Petroleum, discusses the joint venture between the Alhamrani family group and Fuchs Petrolub from Germany.
"We are a joint venture between the Alhamrani family group and Fuchs Petrolub from Germany, which is the number one independent lubricant company in the world. It just specialises in lubricants; it is not like other companies that deal in the upstream of oil refining. They are specialised in the lubricants business. They carry a little over ten thousand products from car oils to grease, to the most sophisticated and specialised products through a company called Lubritech. We manufacture their products here; we are a joint venture between Saudis and Germans. We have a plant in Yanbu. We produce around 30% of the market. We produce but we don’t sell, because we produce for exports and for third party companies. There are other companies that blend with us, for example if they don’t have manufacturing plants, they blend with us. They are competing in the market with us but because of the ethics that we have and because of our reputation, we have more third party companies blending with us than any other manufacturing facility in Saudi Arabia. We produce between 135 and 150 thousand metric tonnes of lubricants per year, between our production, the third parties and the exports."
Alhamrani FUCHS Petroleum is currently No. 3 lubricant provider in Saudi Arabia with 15-16% market share in volume.