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Nynas is a specialist manufacturer and supplier into the global niche markets of naphthenic speciality oils and bitumen. In late 2014 Nynas commenced the closure of its Continental European bitumen business due to poor profitability and depressed margins. The bitumen market remains characterised by declining demand and weak margins and as a consequence, improving the profitability of sales in this area presents a continued challenge for Nynas. The acquisition of the Harburg refinery has increased production of specialty oils and reduced dependence on third party suppliers. Nynas also shut its bitumen refinery in Dundee and converted the site into a supply depot.
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Description
The energy industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation all impact the production process.
This Refining and Oil Products Company report provides an overview of company strategy, the competitive position of fuels marketing and its profitability in Europe. You'll also find a detailed analysis of company strengths, weaknesses, opportunities and potential threats.
Focusing on competitive benchmarking, this company report gives both new entrants and existing players an in-depth view of this company within the European fuels marketing sector. Use this to identify investment needs and acquisition opportunities, and strengthen business strategies.
With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Company report | Nov 2016
Nynas refining and oil products summary
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