Zurich, Switzerland— Caprock AG is pleased to announce the strategic establishment of Fortrec Switzerland AG, a new entity formed in partnership with Fortrec Chemicals & Petroleum Pte Ltd, headquartered in Singapore. This collaboration aims to enhance our commodity trading operations, focusing on the European and Middle Eastern markets.
About Fortrec Chemicals & Petroleum Pte Ltd
Founded in 1999, Fortrec Chemicals & Petroleum Pte Ltd is an independent, privately held commodity trading company renowned for its expertise in producing and trading petroleum and petrochemical products. With a proven 25 year-track record and a strong Asian footprint, Fortrec provides a comprehensive suite of services, including:
- Financial Structuring: Crafting tailored financial solutions to optimize trading activities.
- Raw Material Sourcing: Securing high-quality materials to meet client needs efficiently.
- Plant Operations: Managing operations to enhance productivity and streamline processes.
In addition to its core trading activities, Fortrec encompasses Fortrec Capital Pte Ltd, the asset and investment arm of the Fortrec Group. Established in 2006, Fortrec Capital focuses on acquiring and managing equity positions in strategic assets. This strategic approach has positioned the Fortrec Group at the forefront of the global petrochemicals business by synergizing its production and trading capabilities, enabling effective trading around its assets.
Fortrec Switzerland AG: Expanding Our Commitment to Commodity Trading
With the formation of Fortrec Switzerland AG in Zug, Caprock AG aims to leverage Fortrec’s extensive industry experience and resources. The Swiss office will be managed by Caprock’s founding partners, Benedikt Rieger and Raphael Hirsiger, who will serve as Managing Directors and Members of the Board. Their leadership will focus on trading, operational success and expanding Fortrec’s footprint in the European market.
“Our partnership with Fortrec marks a significant milestone in our growth strategy,” said the Caprock founders. “We are excited to combine our strengths and expertise to better serve our clients and capitalize on new opportunities in the commodity trading landscape.”
The new entity will play a pivotal role in enhancing Fortrec’s capabilities in Europe and the Middle East, positioning it as a key player in the procurement and trading of petroleum and petrochemical products.
About Caprock AG
Caprock AG partners with clients to unlock new market opportunities, providing tailored advisory services that enhance business development and growth. Leveraging our expertise and strategic partnerships, we’re committed to delivering solutions that create lasting value for clients and stakeholders.
