|full company name||Eurotek|
|type of legal entity||Closed joint-stock company|
|country of risk||Ukraine|
|Founded in 1995, Eurotek CJSC is a holding incorporating 2 oil extraction plants, 13 grain storage and processing plants, a bakery plant, as well as leased farm land over 22 hectares in size. The company has over 2,500 employees. Its main lines of activities are crop growing and storage; production of vegetable oil and feed compounds; purchase of crops, and sale of agricultural produce.
Eurotek’s operations are financed by the following banks: HVB Ukraine, EBRD, Raiffeisenbank Ukraine, and BNP-Paribas.
In 2004 one of the holding’s companies started producing refined vegetable oil under ‘Stozhar” trademark, which in January – February 2005 was on the third place among Ukrainian oil brands with 13% share in the market. In 2004 the company exported about 50% of produced oil, which allowed it to become one of top 5 farm produce exporters in Ukraine.
Since 2004 Eurotek is ISO 9001:2000 certified. Its charter capital equaled UAH70,700,0 thousand as of March 31, 2005.
In 2004 the company’s sales nearly doubled to UAH369,294 mln. In the first quarter of 2005 the sales totaled UAH100 mln; refined oil sales accounted for 68% of the overall amount.