World Courant
Image: Chevron and Astron Power
Chevron Manufacturers Worldwide, LLC (Chevron) and Astron Power have entered an settlement to increase the present Caltex Utilization Rights and Debrand Agreements (URDA) for South Africa and Botswana till December 31, 2026.
Astron Power stays Chevron’s unique licensee for Caltex branded retail service stations in South Africa and Botswana till September 30, 2024, after which the license turns into non-exclusive.
Throughout the prolonged interval from October 1, 2024, till December 31, 2026, Astron Power will proceed to re-brand the Caltex retail service stations in its community to the Astron Power model.
Chevron stays dedicated to rising the Caltex model and reliably supplying high quality fuels with Techron in South Africa and Botswana with new companions.
“The Caltex star is an emblem of high quality, worth and repair, and is a continuing reminder of our dedication to our companions and prospects.” stated Danielle Lincoln, Vice President for Worldwide Merchandise. “We’re excited to construct on Chevron’s decades-long legacy available in the market and are dedicated to develop the Caltex community throughout South Africa and Botswana, the place we are going to proceed to offer prospects with top quality merchandise and fuels with Techron, fashionable amenities, and quick and pleasant service to our prospects.”
Thabiet Booley, CEO of Astron Power stated, “Our dedication to the rebranding of our retail community, the profitable restart of our refinery and the numerous investments related to these flagship tasks speaks to the stable future we envisage for Astron Power as a proudly South African firm and model.”
Chevron and Astron Power lengthen current Caltex Utilization Rights
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