July 25, 2017 5:40 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Viru Keemia Grupp AS

Company Overview

Viru Keemia Grupp AS manufactures and markets shale oil and chemicals in Estonia. Its products include shale fuel oils, bitumen, coke, phenols and phenol products, specialty chemicals, alkylresorcinols, resins for wood and plywood industry, and other products. The company also engages in the repair and servicing of processing units; fabrication of metal goods and constructions; lifting and repair of lifting devices; design, assembly, and servicing of control systems for automation systems and production processes, including software engineering; building and repairing heat, water, sewerage, and gas distribution networks; and painting of vehicles and facilities. In addition, it offers motor t...

14 Järveküla tee

Kohtla-Järve,  30328


Founded in 1921


372 33 24200


372 33 75044

Key Executives for Viru Keemia Grupp AS

Chairman of the Management Board
Age: 47
Financial Director and Director
Head of Public Relations Department and CSR Manager
Administrative Director
Compensation as of Fiscal Year 2017.

Viru Keemia Grupp AS Key Developments

Viru Keemia Grupp AS Reports Production and Revenue Results for the First Half of 2016

Viru Keemia Grupp AS reported production and revenue results for the first half of 2016. The company’s oil production for the first six months of 2016 increased 28% to 168,000 tons. For the six months of 2016, the company's revenue fell 8% to EUR 66.5 million. The reason behind the revenue decrease is the decline in oil product sales due to temporary conservation of the company's plants which use the Kiviter technology as well as prices on the global market staying at a low level.

Viru Keemia Grupp AS Provides Earnings Guidance for the Year 2015

Viru Keemia Grupp AS provided earnings guidance for the year 2015. The company estimates to earn €7 million of loss in 2015 due to low oil prices.

Viru Keemia Grupp Launch Petroter III Shale Oil Processing Plan

Viru Keemia Grupp has launched the Petroter III shale oil processing plant. The plant is now operating at design capacity and is processing 130-135 tonnes of shale per hour. Construction of the Petroter III plant, which cost EUR 84 million, began in October 2013. VKG launched its first shale oil plant, with capacity of 380 tonnes of shale oil per day, in 2013, and Petroter II, with capacity of 3,000 tonnes of shale oil per day, was launched in the second half of 2014. Investment in the three plants totaled an estimated EUR 220 million.

Similar Private Companies By Industry

Company Name Region
Arte Bunkering OÜ Europe
Baltic International Trading OÜ Europe
Charboun Invest Ou Europe
Eesti Aviokutuse Teenuste AS Europe
Eesti Vedelkütusevaru Agentuur AS Europe

Recent Private Companies Transactions

January 16, 2017
VKG Plokk OÜ

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Viru Keemia Grupp AS, please visit www.vkg.ee. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.