Andeavor Opens First ARCO® Station in Mexico
August 29 2017 - 3:01PM
YASTEST
Andeavor Opens
First ARCO® Station in Mexico
SAN ANTONIO, TEXAS - August 29,
2017 - Andeavor (NYSE: ANDV) today announced that it has
officially begun operating in Mexico and has successfully opened
the first ARCO® station in Tijuana, Baja California, Mexico. As
announced in July, Andeavor and Profesional Fuels Solutions, S.A.
de C.V. (ProFuels) have an established wholesale marketing
agreement and have outlined plans to expand the ARCO® brand to
achieve a leading market position in the Mexican states of Sonora
and Baja California.
"We are excited to have officially introduced the
ARCO® brand in Mexico," said Greg Goff, Chairman, President and CEO
of Andeavor. "Opening our first ARCO station in Northwest Mexico is
a natural and strategic link for our West Coast operations and
integrated value chain, furthering our marketing integration in a
growing market."
Andeavor is uniquely positioned for growth in
Mexico due to several factors, including:
-
Access to terminaling
and transportation services: In an important first step,
earlier this summer, Andeavor (then known as Tesoro) was awarded
capacity in the Open Season for Northwest Mexico on the Petróleos
Mexicanos (Pemex) oil products pipelines and in storage terminals.
This means that Andeavor has the unique capability to transport its
products within the existing infrastructure of the country to bring
its fuel to the consumer.
-
Existing West Coast
footprint and integration opportunities: Andeavor plans to
integrate product supply to Mexico with its West Coast refining,
marketing and logistics system, effectively distributing gasoline
and diesel from its refineries into long-term retail and wholesale
channels.
-
Strength and
Recognition of the ARCO® brand in Mexico: Consumer research
indicates Mexico is a natural fit for the ARCO® brand as there is a
strong awareness of the brand and its quality offering in the
country.
-
Agreement with leading
operator, wholesaler and distributor in country: Andeavor has
an established wholesale marketing agreement with ProFuels to
market and grow the ARCO® fuel brand in the region.
This first station marks the beginning of growth
to include an anticipated 200 to 400 ARCO® stations in Baja
California and Sonora over the next several years. ProFuels also
intends to grow the ARCO® brand through supply contracts with
independent owners and operators of existing and new gas stations
that are interested in marketing fuel under the ARCO® brand. All
ARCO® fueling stations in Mexico will offer consumers TOP TIER(TM)
gasoline.
"We're incredibly excited to open the first ARCO®
station in Mexico," said Luis Enrique Rodriguez, President of
ProFuels. "Mexican consumers are interested in having high-quality
fueling options and we believe that ARCO® is the brand best suited
to deliver on that consumer value proposition." Rodriguez
continued, "The ARCO® brand is known for its high-quality TOP
TIER(TM) gasoline offering, which aligns perfectly with our
operation and service culture that provides consumers with a
superior filling experience."
To commemorate the launch of ARCO® brand and the
opening of the first station, a Grand Opening Celebration is
expected to be held in the coming weeks.
In addition, an ARCO® advertising
campaign to introduce the ARCO® brand and its high-quality TOP
TIER(TM) product offering will soon hit the airwaves. The
multi-media campaign will consist of high-profile outdoor billboard
placements, print ads, and TV and radio traffic sponsorships. To
learn more, visit www.arcogasolina.com.mx.
About Andeavor
Andeavor is a premier, highly integrated
marketing, logistics and refining company. Andeavor's
retail-marketing system includes more than 3,100 retail stations
marketed under multiple well-known fuel brands, including ARCO®,
SUPERAMERICA®, Shell®, Exxon®, Mobil®, Tesoro®, USA Gasoline(TM)
and Giant®. It also has ownership in two logistics businesses,
which include Andeavor Logistics LP and Western Refining Logistics,
LP (NYSE: WNRL) and ownership of their general partners. Andeavor
operates 10 refineries with a combined capacity of approximately
1.2 million barrels per day in the mid-continent and western United
States.
About ARCO®
ARCO® is a trademark owned by Andeavor. ARCO® fueling stations
offer quality TOP TIER(TM) gas at approximately 1,500 locations in
five western U.S. states, including Arizona, California, Nevada,
Oregon and Washington. In August 2017, the ARCO® brand expanded
into Mexico by beginning to open stations in Baja California and
Sonora.
Forward Looking
Statements
This release contains "forward-looking" statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
without limitation statements concerning: our operational,
financial and growth strategies, including our plans to integrate
supply to Mexico and expand the ARCO brand throughout Baja
California and Sonora; our ability to successfully effect those
strategies and the expected timing and results thereof; the
anticipated benefits of the agreement with Pemex and other
positioning in Mexico; and statements regarding the agreement with
ProFuels, and the expected benefits and timing thereof. For more
information concerning factors that could affect these statements,
see our annual report on Form 10-K, quarterly reports on Form 10-Q,
and other public filings and press releases, available at
www.tsocorp.com. We undertake no obligation to revise or update any
forward-looking statements as a result of new information, future
events or otherwise.
Contact:
Investors:
Brian Randecker, Investor Relations, (210) 626-4757
Media:
Andeavor Media Relations, media@andeavor.com, (210) 626-7702
ARCO MX ST
ARCO MX OVERHEAD
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Andeavor via Globenewswire
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