Petronas announced new sales strategies and expansion plans for gaining market share in Thailand and India. Malaysias state-owned oil company aims to grow 20 percent each year to become one of the top five lubricant brands in Thailand by 2020. It recently partnered with an automotive company in India, where it is also constructing a blending plant.
To focus on Thailands lubricants market, Petronas subsidiary sold its network of around 100 petrol stations to local retailer Susco in 2012. This year, the company formed a team to tackle growth plans, comprised of newly appointed Chief Executive Officer Nattapong Asavathongskul, a former industrial lubricants manager at Shell Thailand with more than 20 years of experience, and Marketing Manager Jarus Srisamaikul, who worked previously with BP Castrol Thailand.