hocem review 2006
The decline in oil prices combined with difficult market circumstances made 2006 a challenging year. Nevertheless the Base Oil Business of Group 1 is still growing worldwide. Difficult markets however create a lot of opportunities in pricing, services, logistics and quality development.
The hocem development was stable. We offer our customers supplies from our own shore tanks in Tallinn, Eastham and Antwerp. By improving our product qualities hocem was approved as a regular supplier to some major oil companies. We take pride in our performance and the complete fulfillment of all commitments to our customers during 2006.
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