Petrochemistry: By entering into new business segments Hifa Oil opens new markets in region and the EU shortly

These are polyethylene granules used in construction, food, automotive, elctrical-technical industry, etc. Hifa Oil places these products for now, except the market of Bosnia and Herzegovina, on the markets of Serbia, Croatia, Turkey, but also Germany, and the Netherlands.

“Business develops greatly. Even here our business competence with oil derivatives came through in complete sense. Beside the regional market and Germany, our goal is to further expand on the rest of EU. We started in November last year and have already achieved envious results, and convinced our suppliers and customers that we have entered the sales and distribution of petrochemistry products with the intention to become a famous and reliable partner, not only in the region of Southeast Europe, but also on the EU markets”, says Kenan Ahmetlic executive director and member of the Board of Hifa Oil.

We have developed a system of diverse and quality offer, and fast and efficient delivery with large stock capacities, at the moment there are around 1 000 tons of different materials on stock. Our goal is to provide safe and fast delivery to our customers and to cushion big turbulences which happen very often in purchase of this material. Our biggest customers are manufacturers of LDPE and HDPE foil, styrofoam producers, PVC profile producers, component producers for white goods as well as producers of food packaging. During the year we will tend to expand our product assortment which will increase our cycle of suppliers and customers, according to the statement of Hifa Oil.

Interesting is that Hifa Oil besides the aviation fuel - market opened last year, provides airports with "Urea" fertilizer within the new business sector with petrochemistry products, used as one of the components for freezing protection for airplane landing and take off surfaces. About Hifa Oil Group Hifa Oil is the leader in oil and oil derivatives trade in B&H, with 20% share on the domestic market of white oil derivatives, and the first in distribution of black derivatives on the domestic and the markets in the region in the field of asphalt paving in Austria, Slovenia, Croatia and other countries of the region. Last year was closed with a total quantity realisation of around 300 000 tons of different derivatives in 9 countries of the region. Together with their 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 half a billion 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, as stated by Hifa Oil.