Engen, one of the players in the petroleum industry, expects to triple its earnings by mid next year following a partnership the company has sealed with Top Gear recently.
The revelation was made in Lilongwe on Wednesday when the company unveiled Top Gear as its Lubricants Distributor for the central and northern regions.
Engen Limited Managing Director, Shaaban Kayungilo, said the decision to engage Top Gear was made following increasing demand for the company’s products on the market.
“With particular reference to automotive engine oils, our products will guarantee reduced fuel consumption, reduced maintenance costs and extended engine life,” Kayungilo said.
He went on to urge authorities to be vigilant against growing supplies of fake products on the market which he said puts the lives of motorists at risk when their vehicles are using such oils.
“Motorists are exposed when they use oils that do not meet minimum quality requirements. We urge the Malawi Energy Regulatory Authority and the Malawi Bureau of Standards to look into ways of ensuring that consumers get the right quality lubricants,” Kayungilo added.
Commenting on the concerns, Director of Plant and Vehicle Hire and Engineering Services, who was also guest of honor at the event, Stephen Jomo Mkandawire, said it requires concerted effort to stop the proliferation of fake products.
“As government, we are aware of substandard lubricants and will partner the industry to deal with the situation. We also look at this partnership as one way of dealing with this challenge because the new distributor will increase the presence of quality products,” Mkandawire said.