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Indonesia's Pertamina enters lubricant market in Japan
Publication Date : 08-10-2012
Indonesia's state-owned energy firm PT Pertamina is working with Japanese automotive giant Toyota to expand its lubricant business in Japan.
Pertamina president director Karen Agustiawan said in a statement released over the weekend that the firm saw a potentially lucrative market for its lubricants in Japan, citing that "in the past two years, the market in Japan has been very promising for our products."
Pertamina invited Masahiro Nanomi, the president director of Toyota Manufacturing Indonesia, to share his experience working with Pertamina at a business gathering in Tokyo, Japan, on Saturday. Pertamina currently supplies lubricant products to 10 branches of the Nafco department store in southern Japan through Inoa Shouji, its exclusive local distributor.
In the first half of 2012, Pertamina exported 110,000 kilolitres of lubricants, principally to Japan, China and the United Arab Emirates. Pertamina's exports in the first half were 62 per cent of the firm's whole-year target of 180,000 kilolitres.