KENYA Atlas Copco celebrates 150 years of operation A


ltas Copco Group recently celebrated its 150-year anniversary.


This celebration held in Nairobi Kenya was attended by the Swedish Ambassador to Kenya, Her Excellency Caroline Vicini; members of the Swedish Business Council; Atlas Copco customers; and officials from the Kenya Association of Manufacturers (KAM); the Institution of Engineers of Kenya (IEK); and the Archi- tectural Association of Kenya (AAK).


Raphael Kiandiko, Atlas


Copco East and Central Africa CEO and GM said: “Our success has been fostered by carry- ing out business with high regard to safety, ethics and the environment. Sustainability is at the heart of Atlas Copco, and we aim to not only be the first in mind, but also, the first in choice to our customers. Since Atlas Copco’s entry into the Kenyan market in 1936, we have been serving the manu- facturing, construction, energy


KENYA Saudi Aramco enters Kenyan market through buy out S


audi Aramco, one of the largest integrated energy and chemicals companies


is set to enter the Kenyan market through the acquisi- tion of Valvoline which has a local presence. The Competition Authority


of Kenya (CAK) gave Aramco Overseas Company, the invest- ment arm of Saudi Aramco, the nod to acquire the Kenyan operations of Valvoline’s Global Products Business (VGP) Holdings LLC as part of the global deal worth $2.65


March 2023 | LUBEZINE MAGAZINE


billion. CAK approved this acquisi-


tion saying it will not affect competition and that the US motor oil and lubricants group remains small in Kenya with annual sales of Sh14.2 million. Aramco is expected to seek a larger share of Kenya’s lubricants sector and also tap into new markets, including fuel importation. This will trigger market shifts in the fuel and lubricants market that is currently dominated by multinational firms such


as TotalEnergies, Vivo, the company that sells Shell products and RUBIS. Valvoline’s Global Products Business acquired by Saudi Aramco deal in lubricants such as brake fluids, gear oils, greases and transmission fluids. During the acquisi- tion of VGP, Mohammed Y. Qahtani, Senior Vice President of Downstream at Saudi Aramco said: “Valvoline’s Global Products business fits perfectly with Saudi Aramco’s growth strategy for lubri-


cants as it will leverage our global base oils production, contribute to our Research & Development (R&D) capa- bilities and strengthen our existing relationships with Original Equipment Manufac- turers (OEMs).” With the entry of Saudi


Aramco in the Kenyan market, the hope is that possible fuel importation by the company will lead to a decrease in the price of fuels which will eventually trickle down to consumers.


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Swedish Ambassador to Kenya, Her Excellency Caroline Vicini and other official during the anniversary celebration. SOURCE | ATLAS COPCO


and construction industries among others. Our commit- ment is to come up with better ways of doing business and provide solutions to tackle today’s challenges.” “We are extremely proud


of our past, and we continue to shape the future through our technologies and service solutions,” said Mats Rahm- ström, CEO and President of the Atlas Copco Group. “Much has changed since 1873 when


we were a small local start-up. But, I think our founders would recognize our innovative spirit, the passion shown by our employees and our dedica- tion to drive development in conjunction with our custom- ers.”


During the event, Atlas


Copco unveiled two of its newest air compressors; E-Air portable compressor, which uses electricity instead of diesel oil and GA 5-37 VSDs


air compressor with energy savings of up to 60% among other features. Atlas Copco deals in air


compressor products, parts and service, industrial tools and assembly solutions, vacuum solutions, mobile construction and power equipment. Atlas Copco also has a complete range of compressor oils for its differ- ent types of compressors.


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