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GLEX AG is the parent company of the Glex group of companies
Over the past five years the management of Glex AG has set up fuel distribution businesses in six African countries ranging from South Africa, Botswana and Zimbabwe in Southern Africa to Morocco in the North and Senegal and Mali in West Africa.
Trading operations are controlled from the group head office in Switzerland.
The initial focus of the group was to distribute refined petroleum products in Africa. Recently the China market has been added where the list of refined petroleum products to be traded include Gazoil, Jet A1, Mazut, Heavy Fuel Oil as well as crude oil.
The group has now grown the physical elements of the business and in 2016 will operate storage assets owned by the group in South Africa, Botswana and Mali. In addition the group has negotiated agreements to store and distribute refined petroleum products in Zimbabwe, Senegal and Mali from tank farms owned by others and operated by others as well as tank farms owned by others and operated by Glex AG subsidiaries. Logistics and production units are due to be added in 2017.
GLEX AG, the core business unit, located in Menziken, Switzerland, is the financial heart of the Glex group of companies. From here all international trades are initiated with suppliers and settled when sold to customers and group buyers. These trades will soon be conducted using the newly developed GLEX commodity trading platform, which is still under development in India. The system will be operated from Menziken to provide tight control of all petroleum assets owned and managed by the group.