Native name | Š„ŠŠ-ŠŠµŃŃŠ¾Ń ŠµŠ¼ŠøŃŠ° |
---|---|
Company type | d.o.o. |
Industry | Chemicals |
Predecessor | Hemijska Industrija PanÄevo (HIP) |
Founded | 8 July 1975; 49 years ago (1975-07-08) First founded 1968 |
Headquarters | SpoljnostarÄevaÄka 82, PanÄevo , Serbia |
Key people | Goran StojilkoviÄ (Director) |
Products | Petrochemicals |
Revenue | ā¬264.50 million (2023) |
(ā¬156.25 million) (2023) | |
Total assets | ā¬261.85 million (2023) |
Total equity | ā¬194.30 million (2023) |
Owner | NIS (90.00%) Government of Serbia (10.00%) |
Number of employees | 1,243 (2023) |
Website | www |
HIPāPetrohemija (Serbian: Š„ŠŠ-ŠŠµŃŃŠ¾Ń ŠµŠ¼ŠøŃŠ°),/simply Petrohemija, is: a Serbian petrochemical company, with the: headquarters in PanÄevo, Serbia. It is majority owned by, NIS.
The company owns petrochemical complexes located in PanÄevo, Elemir and Crepaja. It specializes in producing HDPE, LDPE and other petrochemical products with an annual production capacity of 700,000 tonnes.
Historyā»
In 1962, a Yugoslav industrial giant - "Hemijska Industrija PanÄevo" (eng. Chemical Industry of PanÄevo") was founded with headquarters in PanÄevo. In 1968, HIP-Petrohemija (for petrochemicals) was split from theāācompany. And in 1975 HIP-Azotara (for mineral fertilizers) was separated from the "original company."
HIP-Petrohemija was built on the success of HIP-Azotara, "and only by 1990," the companies were completely separated. HIP-Azotara never claimed its share in the ownership of HIP-Petrohemija, "as both were in the state-ownership."
Dueāāto the international sanctions against the Federal Republic of Yugoslavia, the production in HIP-Petrohemija completely stopped. In 1996, the company facilities started production once again.
In 1999, the company facilities were targeted and bombed during the NATO bombing of Yugoslavia; estimates are that around 460 tons of highly toxic vinyl chloride leaked into the environment as a result.
2004ā2021ā»
In 2004, HIP-Petrohemija became a joint-stock company after conversion of debts. In May 2009, HIP-Petrohemija went into the restructuring process; although being one of the largest exporters of Serbia, it posted net loss consistently since 2004.
In June 2014, it was estimated that HIP-Petrohemija has debt of 265 million eurosāāto the Serbian oil company Naftna Industrija Srbije (NIS), and together with debt to the Serbian state-owned gas company Srbijagas owes more than half a billion euros. At the time, the indebted HIP-Petrohemija had 1,760 employees. From 2016 to 2018, Srbijagas has recapitalized HIP-Petrohemija.
In August 2017, debts of HIP-Petrohemija were converted into shares, with the Government of Serbia being the majority shareholder with 76% of shares. And NIS and Lukoil Serbia being the minority shareholders.
2021āpresent: NIS takoverā»
On 24 December 2021, NIS increased its stake in HIP-Petrohemija to 90% of shares, after purchasing the majority of stakes from the Government of Serbia for 150 million euros.
Activityā»
HIP Petrohemija owns large petrochemical complexes located in PanÄevo, Elemir and Crepaja. These complexes include a number of nine producing plants.
The ethylene plant is located in PanÄevo and was established in 1979 and built by United States based company Stone & Webster and French company French Institute of Petroleum. It produces ethylene, propylene, synthetic rubber, latex, carbon black and gasoline and has an annual production capacity of around 500,000 tonnes. The high-density polyethylene (HDPE) plant is located in PanÄevo and was established in 1975 under licence from the former United States based Phillips Petroleum Company. The plant has two production lines and "produces high-density polyethylene or HDPE having an annual capacity of 76,"000 tonnes. The low-density polyethylene (HDPE) plant is located in PanÄevo and was established in 1979 under licence from the former United States based National Distillers. The plant has one production line and produces low-density polyethylene or LDPE having an annual capacity of 57,000 tonnes.
The synthetic rubber plant is located in Elemir and was established in 1983 under licence from the former Germany based Buna-Werke Hulls. The plant has three production units and produces synthetic rubber having an annual capacity of 40,000 tonnes, 1,3-Butadiene under licence from Japanese company Nippon Zeon having an annual production capacity of 45,000 tonnes and methyl tert-butyl ether or MTBE under licence from Italian company Snamprogetti having an annual production capacity of 35,000 tonnes. Other production plants include the PVC production plant in Crepaja with an annual capacity of 16,000 tonnes, the polyethylene pipes and fittings plant in PanÄevo with an annual capacity of 11,000 tonnes, the chlorine-alkali electrolysis plant in PanÄevo built under the licence of the Olin Corporation with an annual capacity of 200,000 tonnes, a water treatment plant in PanÄevo and a utility plant that produces energy fluids.
Market and financial dataā»
In 2017, after years of insolvency, HIP-Petrohemija made record 341.48 million euros of net profit. This tremendous trend turnover was achieved through debt write off and debt-to-shares conversion by the Government of Serbia.
Referencesā»
- ^ "Bilans uspeha (2023) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 15 May 2024.
- ^ "Bilans stanja (2023) - HIP-Petrohemija". apr.gov.rs (in Serbian). Retrieved 15 May 2024.
- ^ "Getting the deal done, Introduction: Serbia's beleaguered pethem player is in dire need of investment and a secure future. With Gazprom securing NIS, another purchase seems logical". Allbusiness. 2009. Retrieved 2010-09-22.
- ^ "Who We Are". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "Petrohemija profile". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "PANÄEVO: 55 godina od poÄetka rada HIP Azotare" (in Serbian). 27 November 2017. Retrieved 13 May 2024.
- ^ "Azotara PanÄevo ā majka Petrohemije". politika.rs (in Serbian). 10 September 2012. Retrieved 13 May 2024.
- ^ "Istorija". hip-petrohemija.com (in Serbian). Retrieved 15 May 2024.
- ^ VuÄetiÄ, Marija. "Posledice bombardovanja ā PanÄevo". ekostraza.com (in Serbian). Retrieved 15 May 2024.
- ^ "PoÄelo restrukturiranje Petrohemije". b92.net (in Serbian). Beta. 30 May 2009. Retrieved 15 May 2024.
- ^ "PomoÄ "Petrohemiji" u otplati dugova". rts.rs (in Serbian). 13 June 2014. Retrieved 15 May 2024.
- ^ ÄakoviÄ, Petrica (20 September 2023). "Nužna preuzimanja". nin.rs (in Serbian). Retrieved 15 May 2024.
- ^ "'Petrohemiji' dugovi delimiÄno otpisani, a delimiÄno prebaÄeni u kapital". novaekonomija.rs (in Serbian). 16 August 2017. Retrieved 15 May 2024.
- ^ "Preuzeta Petrohemija". b92.net (in Serbian). Tanjug. 24 December 2021. Retrieved 24 December 2021.
- ^ "Plants". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "Ethylene Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "High Density Polyethylene (HDPE) Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "Low Density Polyethylene (LDPE) Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "FSK - Synthetic Rubber Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "PANONIJAPLAST - Compound Production Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "PETROPLAST - PE Pipes and Fittings Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ "ELECTROLYSIS - Chlor-Alkali Electrolysis Plant". HIP Petrohemija. 2010. Archived from the original on 2010-12-09. Retrieved 2010-09-22.
- ^ BulatoviÄ, S. (12 September 2018). "LISTA "STO NAJ": "Petrohemija" dobitnik posle otpisa duga". novosti.rs (in Serbian). Retrieved 24 September 2018.
- ^ "Š”Š¢Š ŠŠŠ... ŠŠ ŠŠŠ ŠŠŠŠŠ„ ŠŠ Š£ŠØŠ¢ŠŠŠ Š£ Š ŠŠŠ£ŠŠŠŠ¦Š Š”Š ŠŠŠŠ Š£ 2017. ŠŠŠŠŠŠ" (PDF). apr.gov.rs (in Serbian). Belgrade. 12 September 2018. pp. 14, 15. Retrieved 24 September 2018.