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Latest News and Press Releases
Northfield Group to Build Liquid Fuel and LPG Distribution Facilities in Indonesia
15 July 2020
LUGANO and JAKARTA:
Northfield Group signed a Head of Agreement for the development of the Indonesian fuel market. The agreement envisages the development of storage facilities.
Northfield Indonesia will be headed by Salmawati Kaefa, a seasoned executive with passages with Glencore and other major trading companies in South East Asia.
The Indonesian operation with have its offices located in Jakarta and will have representatives in all major industrial, mining and commercial centres in the country, offering Diesel, Petrol and LPG in bulk. The group expect to trade over 600,000 MT of liquid fuels annually.
Northfield Group Establishes Foothold in Brazilian Liquid Fuel Market
05 June 2020
LUGANO and CURITIBA:
Northfield Group and Allicorp had signed a Head of Agreement to create a fuel distribution company in Brazil. As part of this agreement, each company will hold 50% of the new company’s share.
The transaction will enable the parties to have a strong presence in the Brazilian fuel market, serving the agricultural and logistic sectors, service stations and fuel distributors across the country.
The new company will build on Allicorp and My Terra’s existent customer network and supporting infrastructure whilst building increasing fuel storage in the port of Paranagua and will focus on the Central South Brazilian region, with the plan to expand operations to other regions in 2021.
Northfield Group Complete the Acquisition of Technology Company Maple Power
06 April 2020
Northfield Group announced today that the acquisition of majority stake from Maple Power has been completed. Financial terms were not disclosed.
The transaction was signed last December and has now closed as expected, with Northfield teams working hard while adhering to measures taken in response to COVID-19.
Carlos Mundim, Northfield’s CEO, said his group’s financial and operational resources will help Maple Power navigate the current crisis created by the COVID-19 pandemic and emerge well prepared when conditions stabilise.
My Terra Accelerates Growth with Opening of New Office in Kuala Lumpur
03 March 2020
My Terra is one of the world’s fastest-growing trading companies, has expanded its trading operations in South East Asia with the opening of new offices in Kuala Lumpur. The company expects to add up to 50 additional employees before the end of the year.
In addition to the trade desks in Singapore, the new office will support the company’s growth strategy in Asia, trading liquid fuels, crude oil and metals.
Malaysia is a rich country with a diverse population and talent pool from well-known universities. The opening of My Terra’s Malaysian office will allow our group to expand into new markets and grow our revenue in face of challenging times post-COVID-19.