Shell plans to double its market share within 10 years

APA - Austria Presse Agentur
27-12-2005, 13:19

Warsaw (Puls Biznesu) Shell, the third largest fuel company in the world, plans to develop its network in Poland, where it has 247 gas stations. It won¹t be only organic growth.

Warsaw (Puls Biznesu) Shell, the third largest fuel company in the world, plans to develop its network in Poland, where it has 247 gas stations. It won¹t be only organic growth.

Nafta Polska, the state-owned group founded to restructure the oil sector, is analyzing its further privatization. We are not interested in acquiring Polish refineries. However, a possible merger of PKN Orlen and Grupa Lotos could mean putting up for sales part of the retail network of the two companies. It would be necessary in view of the EU antimonopoly law. Then, Shell would for sure be among those interested in acquiring those gas stations, Pierre Yves Fargeas, Shell Polska CEO said.

Shell¹s last big acquisition in Poland was when it bought DEA stations in 2002. Since that time, it has been developing organically. This year, it launched 23 stations.

No matter what means are used and how many gas stations are launched, our target is to increase our market share from 7 percent to 15 percent within 5-10 years, Pierre Yves Fargeas added.

Shell will also catch up with its garages called Shell Autoserv. In 2003, it acquired 11 garages from Kwik Fit and at that time planned to have 80 garages in 2008. Today, it has 13 of them.

We want to at least double this number within up to five years, Shell Polska CEO said.

Shell also plans to launch its BPO centre in Krakow. It wants to invest USD 10m and employ 450 people. The company hopes to receive public subsidy.

I hope we will receive it at the beginning of the year. We will start recruiting at once, Pierre Yves Fargeas assured.

Shell Poland has so far invested over USD 700m in Poland.

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Podpis: APA - Austria Presse Agentur

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