News
Mabanaft Ltd. invests for growth in UK fuels’ market!
30.11.2006 - London:
With UK sales in excess of £1.5 billion for the last financial year, Mabanaft is quite probably the best kept secret within the fuels industry. The company, which has been operating in the UK since the 1960’s, supplies fuel distributors, supermarkets and independent retail clients throughout the country from its eight strategically located storage terminals.
“Keen to build on its considerable stake in the market, Mabanaft has invested heavily into both infrastructure and personnel in its UK operations over the last twelve months.” Managing director Craig Roberts explains: “Industry leading business solutions and a doubling of staff in our newly refurbished Piccadilly head office, will underpin the customer service element of our push to continue as the number one independent fuel wholesaler in the UK. In addition, we have brought in new people to boost our expertise in specific areas such as risk management, supply and marketing that we see as being key to our expansion.”
Roberts joined the UK company earlier this year with a view to building on the impressive legacy provided by the retiring management team. Roberts brings experience that strengthens the supply and risk management side of the UK company. In the past, he managed UK operations for Coastal States Trading Company and was a former oil trader with US investment bank Morgan Stanley. Roberts carries a reputation as a business builder. Most recently he established Mabanaft operations in the USA.
Roberts’ view is that the UK fuels market holds massive potential for Mabanaft. “Our current operation, which includes subsidiaries BWOC in Weston–super-Mare and East Anglian Fuel Oils plus our nationwide storage facilities, provide the ideal base from which to expand operations and more importantly, our market share. Having considerably strengthened our own resources we are now in position to collaborate with our customers to assist and grow their operations as well.
Although Mabanaft has been operating in the UK for over 40 years, building a strong reputation and loyal customer base over this time, the company and its name remain relatively unknown - even within the fuels industry. This will change. We have the people and infrastructure in place and carry the support and backing of our parent company Marquard & Bahls. It is time for Mabanaft to shine also in the UK.”
Mabanaft Ltd. is a subsidiary of Mabanaft GmbH & Co. KG, the trading division of Marquard & Bahls AG, which is the largest privately owned oil company in Germany. As the leading independent importer and wholesaler in northwestern Europe, Mabanaft is responsible for maintaining constant market liquidity. At the international level, Mabanaft is active as a cargo and barge trader. The company is represented at various sites in Europe and on the East and Gulf Coasts of the United States.
For more information on Mabanaft Ltd. and Marquard & Bahls, please visit:
www.mabanaft.co.uk and www.mbholding.com
If you would like further information, please contact:
Mabanaft Contakt
St John Meyers
Mabanaft Ltd.
Malta House
36-38 Piccadilly
London
W1J 0DP
Tel: +44-207 470 7600
Press contakt & Images
Nigel Stansfield
Semaphore
Dove House
Pell Lane
Holmfirth
HD9 1QL
Tel: +44-1484 689 755