The State Property Committee of the Republic of Uzbekistan held meeting with the delegation of Bulgarian company “Prista Oil Holding”.

During the meeting, representative of the State Property Committee briefed the delegation on priorities of its activities at the current stage of economic development in Uzbekistan, especially on raising the role and share of private sector in economy of the country. Officials of the State Property Committee provided information on adopted measures to stimulate investments in innovative projects, create and equip enterprises, produce import-replacing and export-oriented products.

During the meeting, Prista Oil Holding representatives expressed interest in the possibility of investing in privatization targets in Uzbekistan to create on their bases new capacities.

In their turn, the State Property Committee officials expressed readiness to provide necessary information and arrange the visit of the delegation to facilities of interest.

According to the Bulgarian company, Prista Oil Holding is a leader in production and sales of motor and commercial oils in South-Eastern Europe and is “Investor No.1 abroad” in Bulgaria.

Over the last 14 years the company has developed business relations with partners in more than 20 countries within the region, as its market share in the separate countries ranging between 5% and 55%. Of all the states, where Prista brand is mostly represented, Bulgaria, Romania, Turkey, Serbia stand out most notably.

Prista Oil’s production facilities are set up and developed following the state-of-the-art and innovative technologies as a result of company-own research and development activities, as well as with the cooperation of world leading companies in lubricants and chemical business, such as Chevron Global Lubricants, Ashland , ERGON Europe MEA, GreenChem etc. Prista Oil has its own blending plants in Bulgaria and Turkey where producing engine, transmission and industrial oils, greases, automotive fluids and car-care products.

The product portfolio is extended and developed in line with the market needs and in compliance with the latest requirements of the OEMs, ACEA and API. The products meets and even exceeds all applicable safety and environmental standards and their quality is well-known from the customers. Prista products are approved by more than 20 worldwide leading automotive and machine manufacturing companies, such as MB, Volvo, Opel, BMW, VW, Renault-Nissan, MAN, Cummins, ZF, VOITH, Allison, Siemens, etc.

In order to guarantee the needs of its production process and in order to optimize the costs related to the delivery of the main raw materials and to reduce the delivery terms of the finished products to the customers Prista Oil has developed its own excellent logistic structure, including 4 base oil storage terminals with capacity exceeding 52 000 m³.