Izudin Ahmetlic announces ongoing investment cycle of Hifa Oil Group

Hifa Oil Group has expanded its business by acquisitions – domestic and foreign ones, establishing new companies and strategic partnership on foreign markets. In the interview,

Ahmetlic says that the focus is on investments in some infrastructural objects in countries of the region with the goal of further strengthening the market position of the Group 's companies, and that «all projects are covered by investments». In Bosnia and Herzegovina, Ahmetlic announces the finalisation of the investment cycle regarding the Terminal in Zenica. Another two big projects are also in the finishing line, of which he says «the public will be informed when the time has come».

Ahmetlic points out that this year will be remembered by the business expansion of HIFA OIL Group, with “business moves which will forever mark us as one of the most important investors of Bosnia and Herzegovina. We made strategic moves which surprised many”, says Ahmetlic.

“At the beginning of this year, HIFA OIL bought some, for us interesting companies such as LB.Profile in Germany - leader in manufacture and innovation in PVC profiles in the construction industry, then the Slovenian steel distributor in B&H Mersteel, and by reviving the «Terminal» steel mill Zenica, HIFA OIL Group has initiated part of the domestic resources which will be directed towards a lasting market stabilisation with oil and oil derivatives, by becoming a private distributor with largest oil stock capacities. By the agreement on airline supply with JET A1 aviation fuels, HIFA OIL has made its contribution in raising the competition at the International Airport Sarajevo. With this regard we already supply the airlines Turkish Airlines and Wizzair, and other”, explained Ahmetlic, adding that the supply agreement of the NATO forces with oil and aviation fuel in B&H has been renewed, and he also mentioned the expansion on regional markets of the daughter company EURO ROAL which entered the markets of Kosovo, Serbia and Montenegro. There is also the expansion of the sister company EURO STIL which entered into one of the most important specialized sales chains such as Bauhaus and other in Croatia and Slovenia, with the intention to expand to other EU countries.

«We are leaders in the turnover of oil and oil derivatives in B&H, with 20% share on the domestic market of white derivatives sales, and we are first in the distribution of black derivatives on the domestic, and regional markets in the area of asphalt paving in Austria, Slovenia, Croatia and other countries of the region», speaks Ahmetlic.

«Together with our sister companies EURO ROAL, EURO METALI, EURO STIL, EURO POWER, PETROBIT, BITROL Slovenia, and the german LB.Profile, the total annual turnovers of our companies already reach the amount of almost 500 million BAM, and the profits are calculated in two-digit million amounts, our bussines, except these parameters is built on other important grounds and postulates, such as development of human potential, social responsibility and the improvement of the ecological systems», says Izudin Ahmetlic managing director and owner of HIFA OIL Group in the interview for the specialized issue of the Business newsletter «100 biggest in B&H».