26th August 2021

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Altus Signed Exclusive Distributorship Agreement with Magna International to Market and Distribute Vappro VCI Products in Malaysia

Kuala Lumpur, 26th August 2021 – Altus Oil & Gas Malaysia Sdn Bhd (Altus) signed an exclusive distributorship agreement with Singapore based Multi Awards Winning Company, Magna International Pte. Ltd. (Magna Group) today to market VAPPRO VCI products in Malaysia. Magna International is represented by Dr Nelson Cheng, The Group Chief Executive of Magna International and Altus is represented by En. Mohammad Taufik Othman, Managing Director of Altus Malaysia.

Under the terms of the agreement, Altus will be the exclusive distributor of Magna’s award winning VCI Products - VAPPRO across Malaysia.

VAPPRO stands for Vapour-Phase-Protection, which is the foremost state-of-the-art technology in Corrosion Prevention available today. The innovation of VAPPRO’s VCI technology has earned recognition and confidence from its customer worldwide to be of superior quality, integrity, environmentally friendly and cost-effective solutions. Its products cover a wide range of industrial applications that include oil & gas, logistics, automotive, electronics and packaging industries.

VAPPRO VCI products include VCI Emitter, VCI Pouch, VCI Film, VCI Paper, VCI Oil & Coating, VCI Powder, VCI Additives, VCI Oilfield Products, VCI Lubricants, VCI Cleaners, VCI Aerosols, VCI Masterbatches, VBCI Corrosion Inhibitors and VCI Concrete Rebar Inhibitors.

“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 Mohammad Taufik Othman, Managing Director of Altus Malaysia.