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Business / Economics

Caltex brand returns to Namibia

todayJuly 2, 2024 43

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By Selma Ikela, via News on One

 

The Caltex brand is returning to Namibia six years after Astron Energy bought a majority share of the business.

Chevron has appointed Bachmus to sell, market and distribute its oils and fuels using the Caltex brand.

The two companies signed a long-term retail trademark licensing agreement to grow the Caltex-branded service stations nationwide.

Caltex is a globally recognised premium brand in Asia, the Middle East and Africa.

Chevron International Products vice president Danielle Lincoln described the move as a significant milestone in re-entering the Namibia retail market.

“Through a network of retail fuels sites nationwide, we plan to build the strength of the Caltex brand in close collaboration with Bachmus,” Lincoln said.

Bachmus, managing director Corne Schalkwyk, said the partnership will bring great value to consumers through quality products and services.

Bachmus Oil & Fuel Supplies was established in 1994 when Whitey Erasmus and Erhardt Bachran decided to open the doors to a wholesale lubricant and diesel supplier.

The company has depots across Namibia, including Windhoek, Ondangwa, Swakopmund, Walvis Bay and Karibib.

In 2022, Chevron acquired an offshore block in the Orange Basin, and in April of this year, they signed an agreement to acquire an 80% take-in offshore block in the Walvis Basin.

Written by: Staff Writer

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