Lotos Chemistry and its predecessor, have been reliable partners for wholesale trade and industry in the area of special industrial lubrication technology and service over the 130 years.
Dynamic and innovation mark the development of our medium-sized company. Therefore, we can react immediately and flexibly on the grown requirements to specialisation and quality. Our wide product range covers various field of application.
On this web site we would like to introduce ourselves and give you an insight into the company an d product world of Loto lubricants.
Grupa LOTOS S.A. supervisory board considers company’s economic situation stable. LOTOS cash-flow is not endangered by any circumstances.
Board members, in accepted during December 1st meeting statement, underlined furthermore that fruition of strategic investment project, which is Programme 10+, runs properly in line with the established schedule.
The global markets current perturbations and risks related to them were taken into an account during Programme 10+ planning process and are up-to-date analysed and monitored by Grupa LOTOS’ management board under direction of supervisory board.
During December 1st meeting LOTOS management board submitted supervisory board all current information concerning Unicredit CAIB recommendation and listed actions, which company taken in order to counteract such situations in future.
Grupa LOTOS is vertically integrated oil concern which main activity branches are crude oil production and refining as well as oil products distribution. The company provides market with such high quality goods as unleaded gasoline, diesel fuel, jet fuel and lubricants. Furthermore LOTOS owns leading position in motor oils, bitumens and paraffins trade in Poland. Grupa LOTOS holding group consists of Grupa LOTOS S.A. (parent company, manages Gdansk refinery), LOTOS Czechowice, LOTOS Jaslo, E&P company Petrobaltic, as well as 14 subsidiaries bearing LOTOS sign. In the end of September 2008 Grupa LOTOS employed 4864 people in its units located all over Poland. Since June 9th 2005 Grupa LOTOS S.A. is listed on Warsaw Stock Exchange.Gdansk refinery throughput capacity reaches 6 million tons of crude oil per year. Company’s wholesale fuel market share in Poland reached 24,3 p.c. for the first eight months of 2008. Grupa LOTOS sale exceeded 7,1 million tons of oil products in 2007, among which 4,6 million tons amounted fuels (gasoline, diesel fuel and light fuel oil). Grupa LOTOS consolidated sales revenues for the three quarters of 2008 exceeded EUR 3,6 billions. Consolidated net profit in the abovementioned period reached almost EUR 140 million.According to up-dated corporate strategy, published on June 2008 Grupa LOTOS plans till 2012 to expand Gdansk refinery throughput capacity to 10,5 million tons of crude oil annually. Achieve direct access to foreign oil fields as well as increase its share in the Polish wholesale fuel market to 30 p.c.
The State Oil Company of the Republic of Azerbaijan (SOCAR) and Grupa LOTOS S.A. signed today in Baku a Protocol of Intent in accordance with both companies will conduct joint technical and economic studies of potential for making businesses in the Republic of Azerbaijan and the Republic of Poland and any other country.
The protocol was signed in attendance of Azerbaijani and Polish presidents – Mr Ilham Alliyev and Mr Lech Kaczynski.
– I hope that this is the beginning of good partnership, which in short-term perspective fruits concrete endeavors improving the values of both peers – comments Pawel Olechnowicz, CEO of Grupa LOTOS S.A.
The document anticipates i.a. establishing by SOCAR and LOTOS think-tank group working upon details regarding potential cooperation directions, profitable for both entities.
Grupa LOTOS is a capital group including, besides Grupa LOTOS S.A. (parent company), LOTOS Czechowice, LOTOS Jasło and Petrobaltic (E&P company focused on Polish Continental Shelf) also several subsidiaries bearing LOTOS brand. At the end of March 2009 the employment in the capital group reached 4915 people. Consolidated sale revenues of LOTOS in 2008 exceeded PLN 16 million and was higher by 24% than that in 2007. At present throughput capacity of Gdansk refinery amounts to 6 million tons of oil a year. In the 1Q2009 the concern’s share in the fuel market generally grew to 28.3%. This is by 3.8% more as compared with similar period of 2008. Through LOTOS Norge, a subsidiary company the concern is also present on the Norwegian Continental Shelf where it conducts works aimed at crude oil exploration and production. Within program 10+ the refinery of Grupa LOTOS S.A. in Gdansk will increase its throughput capacity to 10.5 million tons annually. In addition, according to the assumptions of strategy till 2012, the company plans to reach the growth of its share in the national fuel market up to 30%.
