Business news from Ukraine

Business news from Ukraine

WEXLER STARTS SELLING BELARUSIAN BITUMEN IN UKRAINE

23 April , 2019  

Sunrise Logistic LLC, part of Wexler Group, has launched the sale of road bitumen made in Belarus. The group hopes that monthly sales in the near term will be from 10,000 tonnes to 12,000 tonnes, the press service of Wexler has reported.
“The strategic goal is at least 20% of the market. Currently, long-term contracts are signed with Belarusian manufacturers, but the group is already working on supplies from Poland and the Russian Federation” the press service said.
The company also plans to enter the fuel oil market. In particular, Wexler is currently in the process of signing import contracts.
“At any time, as soon as generating facilities have a need to purchase fuel oil, we will immediately provide it. If there is a need for an urgent delivery of batches of fuel oil, we are ready to consider, among other things, the option of sea deliveries,” Sunrise Logistics Director General Oleh Yaskivets said.
As part of the development of the segment of heavy oil products, an own fleet of bitumen carriers has been created.
“Our goal is to reach the final consumer. In the future, as part of this task, we are thinking about our own production of road mixes,” Yaskivets said.
With the growth of the bitumen market, Wexler Group is exploring the possibility of starting a business of its own oil refining. This task is considered a priority for 2019.
Wexler Group is one of the largest suppliers of light petroleum products in Ukraine.

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