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Lanka IOC retains MTI for second phase of ASEAN entry

01-13-2014 07:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MTI Consulting

Lanka IOC, having successfully completed the market mapping of Indonesia and Myanmar for lubricants with MTI Consulting, has now re-appointed MTI to execute the second phase of in-country distribution operations
Speaking to media, the Managing Director of Lanka IOC Mr. Subodh Dakwale said "The MTI study has given us the market map and pulse of the lubricant market in these two key emerging markets of Indonesia and Myanmar. We are excited by the prospects offered by these two markets and the ability for Lanka IOC to service them. We now rely on MTI's regional expertise in setting up our channel network. As these markets will be serviced from Sri Lanka, it is expected to bring in foreign exchange into Sri Lanka"
MTI Consulting has worked on assignments across emerging markets in Asian, Middle East and African regions, which includes projects carried for multi-national and regional companies in Algeria, Bangladesh, Cambodia, Egypt, Indonesia, Jordon, Iran, Iraq, Lebanon, Myanmar, Nigeria, Pakistan, Philippines and Syria

Lanka IOC PLC is a public listed company in the Colombo Stock Exchange with a turnover of Rs. 75 billion for the year 2011-12.

MTI Consulting is an international management consultancy, with operations across Asia & the Middle East and networked across the Americas, Africa and Europe.

MTI Consulting – Sri Lanka
No.75/6, Ward Place, Colombo - 07, Sri Lanka

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