‘Stability and sustainable growth’ strategy
Stability and sustainable growth are the cornerstone of the LOTOS Group strategy for 2017−2022. By growing our business, we seek to position ourselves as a vertically integrated producer of high quality fuels and chemical products, provider of specialised logistics and servicing support, and leader in implementing innovation in its core business.
To this end, we have set ourselves five key strategic objectives:
Effective use of production licences, further technological optimisation of the refinery, launch of new products and alternative fuels, and commitment to quality,
Consistent and repeatable reduction of operating expenses and optimisation of margins along the value chain,
Readiness to develop and embrace innovation based on dedicated funding, an advanced model of cooperation with research institutions and creative engagement of employees,
Flexible response to risks, also perceived through potential business opportunities they offer,
Commitment to fostering and developing talent within the organisation, improving overall safety (OHS, infrastructure, and IT), and raising the standards of corporate social responsibility.
We are currently implementing the second stage of our strategy, in which we are developing a new investment programme based on the best growth projects, effective development of the E&P asset portfolio, further expansion of the service station chain and implementation of innovative projects building the LOTOS Group’s future value.