With the addition of Refax to its membership, a multinational company focused on the import and distribution of spare parts for light vehicles, TEMOT International says it has substantially increased its footprint in Chile and Peru, two extremely dynamic markets.
Refax, founded in 1985, is headquartered in Santiago, Chile, and is one of the leading aftermarket distributors in South America. In 2013, the company also became active in Peru. Over the years, the company has developed from being a specialist for European and Brazilian spare parts into a full-range supplier serving more than 3,000 customers.
The current portfolio includes all major international aftermarket brands. Its distribution center in Santiago stocks 35,000 SKUs, and its warehouse in Lima has 12,500 SKUs constantly in stock. The company employs more than 300 people in branches in Chile and Peru. It also has established regional offices in Asia to optimally steer the purchase of Asian spare parts.
Refax also is ideally prepared for future business, says the company. In 2008, the company introduced a state-of-the-art B2B e-commerce system that leverages the potential of digitalization by means of a technical catalog, as well as a customer service portal, which offers added value to Refax customers.
Commenting on the joint partnership between Refax and TEMOT International, Jaime Luis Riffo, CEO of Refax, said, “We are very proud of being invited to join this prestigious group of companies, which we truly think has a tremendous potential. We hope to contribute to the network based on our experience of more than 30 years in the Latin American market.”
“We are pleased to welcome Refax to our network of shareholders,” said Fotios Katsardis, president and CEO of TEMOT International. “After a challenging year in 2016, the automotive aftermarket in Chile and Peru is constantly recovering. In Chile, cars more than 10 years old are estimated to make up 37 percent of the regional car parc. And in Peru, the average age of passenger cars is said to have surpassed 15 years. We are looking forward to leveraging the potential of these promising markets together with our new strong partner Refax.”
