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.
The future development of
the company is aimed at the countries of Central and Eastern Europe, Central Asia
and the Middle East.