PKN ORLEN Company Description
Crudely moving into the private market, Polski Koncern Naftowy ORLEN is the largest refiner and distributor of oil in Poland. The company owns a total of seven refineries (including three in the Czech Republic and one in Lithuania) and has some 2,700 retail sites in the Czech Republic, Germany, Lithuania, and Poland. PKN ORLEN owns an 85% stake in chemical maker Anwil, has holdings in several other Polish companies, and controls Czech refiner and retailer Unipetrol. Two former state monopolies, Petrochemia Plock (Poland's largest refinery) and Centrala Produktow Naftowych (Poland's #1 petroleum distributor), merged in 1999 to create PKN ORLEN. The Polish government still owns 10% of the company.
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The Company Description provides a historical perspective of PKN ORLEN's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of PKN ORLEN's evolution in the marketplace.
