Cartel office agrees to takeover of ExxonMobil facilities in Australia
The two production and tank storage facilities near Melbourne have an annual turnover of EUR 10 m through the sale of waxes, white oils and other oil-based primary materials. Together with activities already acquired from BP in 2004, this now makes the H&R WASAG group one of the leading suppliers of oil-based specialty products "down under" with sales of EUR 25 m.
"Overseas regions form an important cornerstone of our growth strategy" says Dr. Horst Hollstein, Chief Executive Officer of H&R WASAG, in explaining the outlook for the company. South East Asia and South Africa in particular hold tremendous potential.
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