Managing director of IRANOL announced
date : 1 December 2018
Record breaking by IRANOL in sales and increase of market share for engine oil
The managing director of IRANOL Oil Co., close to the 16th anniversary of the establishment of the company, announced the record breaking by the company in sales and increase of engine oil market share
The public relations and advertisement of IRANOL Oil Co. reported that Mr. Eisa Eshaghi, during the meeting of the council of company managers close to the 16th anniversary of the establishment of IRANOL Oil Co. (Dec. 02nd) stated: Fortunately IRANOL experienced a good growth and development process and now after 5 years of management in the company we have broken the records for production, sale, exportation, profit and increase of market share for engine oil since the establishment of the company
He added: The sale of engine and industrial oils by IRANOL has reached from 110 million liters in 2015 to approximately 160 million liters in the last year and this has lead to a decrease of raw oil sale (base oil) from 140,000 tons in 2015 to approximately 20,000 tons in the eight months of the current year and according to the reports by the Ministry of Industry, Mine and Commerce the engine oil market share of IRANOL has increased from 19% in 2014 to approximately 27% by 2017 and approximately 30% in the current year
He explained: IRANOL has experienced approximately 40% increase in the sale of engine oil compared to the previous year and in total the sales of the company compared to the previous year has increased 65% and by Dec. 01st our currency sale has also been higher than previous years
Mr. Eshaghi emphasized: In order to realize the company strategy with the aim to assist the public in the current year we have put the increase of engine oil sales in our agenda and by a 40% increase of engine oil sales the profit of the company experienced an approximate 65% growth during the first 6 month compared to previous year
He said: All processes in IRANOL Oil Co. move forward based on the 1404 strategy and by implementing the strategy with shall become a leading company domestically by 2022 and should minimize the sale of basic oil by 2026
He explained: During the current year we presented four new products with the highest global quality to the market which were received well and the presentation of new products are included in our agenda according to the company strategy