Magna International Appoints Altus Oil & Gas Malaysia as Authorised Distributor and Exclusive Strategic Partner for Mothballing oil and gas equipment.
Magna is pleased to announce the appointment of Altus Oil & Gas Malaysia Sdn Bhd as their authorized distributor for VapproVBCIs, their Multi Awards Winning Product and as exclusive strategic partner for mothballing oil and gas equipment in Malaysia. The virtual signing ceremony was held on 26th August 2021 between Dr Nelson Cheng, President/CEO of the Magna Group and Mr. Taufik Othman, Managing Director of Altus Oil & Gas Malaysia.
Under the terms of the agreement, Altus will be the authorized distributor of Magna’s award winningVBCI Products and exclusive strategic partner for mothballing oil and gas equipment in Malaysia.
“The partnership with Magna International will enhance Altus capability greatly to offer solutions to our customers on asset integrity preservation and maintenance. Altus itself is a user of VAPPRO VCI products for some of our offshore assets. We found the products to be highly effective in preventing corrosions thus preserving our assets and value for money. With this exclusive distributorship, we can now share the benefits and value of the products with our customers and the industries” said Mr. Mohammad Taufik Othman, Managing Director of Altus Malaysia.
“As Vappro is an established brand globally, getting a distributor is an ease, however, getting a good partner to carry out the mothballing program is an uphill task. Hence, we are indeed happy to appoint Altus Malaysia as our strategic partner to carry out all mothballing projects for the oil and gas industrywith immediate effect” said Dr Nelson Cheng
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