Business

Topaz to spend €26m on stations in next four years

Rollout of Miles brand to include upgrading of Topaz fleet and replacement of fuel tanks

Topaz (Circle K Ireland) managing director Niall Anderton; Jacob Schram, group president, European operations of Circle K; and Jorn Madsen, executive vice-president, Central and Eastern Europe, Circle K, at the launch of Topaz’s new Miles fuel brand. Photograph: Naoise Culhane

Thu Jul 13 2017 - 21:14

Topaz has announced plans to invest €26 million across its Irish stations over the next four years as it continues to roll out its new Miles petrol brand.

The investment includes €6 million previously announced to cover the rebranding of forecourts and pumps. The additional money will cover the upgrading of the Topaz distribution fleet and the replacement of fuel tanks on garage sites across its network.

Topaz formally launched the new Miles fuel brand at its M9 motorway service station in Rathcrogue, Co Carlow, on Thursday.

The brand has already been rolled out across 90 per cent of the Topaz stations in Ireland, with the rest due to be completed by the end of August.

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Additional mileage

The company says Miles delivers an additional 3 per cent in mileage for motorists through the use of additives to the fuel. Topaz says the fuel’s performance has been tested and verified by a third party independent research and development centre.

Niall Anderton, managing director of Topaz (Circle K Ireland), said the company expects the new fuel brand to deliver "significant benefits for consumers at the pump".

“The official launch of our Miles fuel brand represents a significant milestone in both our own development and expansion and our integration with Circle K,” he said. “Miles is one of the core offerings of Circle K and we are very confident it will be successful in Ireland.”

Canadian group Alimentation Couche-Tard acquired Topaz in a €400 million deal in February last year.

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