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Paramo expands to the Balkans


Based a concluded contract signed with a distributor in Tirana, Paramo will soon start delivering oils to Albania. The company is also negotiating with a potential client, who is interested in purchasing oil, in Macedonia. Paramo intends to enter this market before this year ends.

Pardubice, November 2th, 2012 – During the first six months of this year, the company exported final oils and plastic lubricants to more than 20 countries. " We managed to increase the volume of our export of synthetic and semi-synthetic oils. Among others, we have been also exporting new types of automobile and industrial oils as well as oils for motorcycles," says Martin Rak, the Export Manager of Paramo.

The company sells its products especially to individual European countries. Of the total export volume of Paramo lubricants, Slovakia accounts for 56, Hungary for 9 and Germany for 7 percent. Besides these key markets, this year, the company has begun to be more active in the countries of the former Yugoslavia. The company has established cooperation with several new customers on the Balkans this year. Annually, Paramo has increased its sale of final lubricants on this territory by 9 percent.

"Paramo is also enjoying margins from its oil deliveries to Latvia and Austria. The company had started selling to these two countries last year. Furthermore, Paramo has been selling its products to Russia and Ukraine, where expansion negotiations are currently underway. We also keep in touch with other potential partners all over Europe," concludes Martin Rak from Paramo.

PARAMO, a.s., is a producer of asphalt products, lubricating and process oils, incl. subsequent and ancillary products. History of the company started in 1889. Today, Paramo is part of Unipetrol, a leading Czech group doing business in the field of petroleum processing and petrochemical production, which in turn belongs to the family of the supranational group PKN Orlen. Paramo is a 100% owner of Mogul Slovakia, a limited liability company which is engaged in the purchase and sale of oils and lubricants. The company employs 600 people.

Jana Iovlevová
Public Relations Officer
PARAMO, a. s.
Mobile phone: 736 507 439

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