Muntajat achieves its initial commercial milestones
- Qatar: Saturday, February 16 - 2013 at 10:41
- PRESS RELEASE
Muntajat, the company with the exclusive rights to market and distribute Qatar's regulated chemicals and petrochemicals, has announced the completion of the transition of the marketing, sales and distribution activities of Qatar Fuel Additives Company Limited (QAFAC) to Muntajat.
H.E. Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of the Board of Directors of Muntajat, said: "The creation of Muntajat is a landmark achievement that signals the emergence of Qatar's chemicals and petrochemicals industry on the world stage. By consolidating the distribution and marketing channels of these products, it will play an increasingly important role in supporting the progress of both the global chemical and petrochemical industry, as well as Qatar's national economy."
Customers can expect a seamless transition to Muntajat of the current marketing, sales, and associated operations activities of QAFAC, ensuring continuous supply to its existing customers. As part of its strategic migration plan, Muntajat has informed all of QAFAC's current customers about the transition of service arrangements and is carrying out direct customer visits to reassure and strengthen the commercial relationships.
Muntajat's CEO Mr. Abdulrahman Ali Al-Abdulla commented: "The 1st of February marks two critical commercial milestones for Muntajat -- completion of the QAFAC transition as well as taking our first client order. We are advancing to plan towards the target of full transition from all of Qatar's producing entities by mid-2013."
QAFAC is the first of the nine producing entities for which Muntajat has the mandate to exclusively market, sell and distribute regulated products produced in the State of Qatar.
"Founding Muntajat is considered a significant step taken by the State of Qatar since it aims at gathering all the marketing expertise in one company rather than having it scattered in different companies. Having Muntajat marketing our products will enable us to focus on optimising our operations," said Mr. Nasser Jeham Al Kuwari, Board Member and General Manager of QAFAC. "The end result of the transition will be positive for both companies and customers."
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