Forbes, 27.01.2011: Zakłady Tłuszczowe Kruszwica SA (ZT Kruszwica), listed on the Warsaw Stock Exchange for 14 years, took second place on the list of the largest Kujawsko-Pomorski Diamonds.
The company, of which more than 60% is owned by the international Bunge Group, the world's leading processor of oil seeds and manufacturer of bottled vegetable oils, is once again among the Forbes Diamonds.
“For many years we have been following one and only one strategy. This strategy is based on three fundamental pillars: consolidation, the broadest possible participation in the value added chain and a diversified business portfolio that reduces the risk which always accompanies the volatile markets in which we run our business,” says Tommy Jensen, president of ZT Kruszwica.
The company sells products in three segments: consumer, industrial and mass. The first segment includes the well recognized brands of Kujawski oil and Smakowita margarine, while in the industrial segment the company supplies confectionary and bakery businesses. In the case of mass products, the main clients of ZT Kruszwica are the producers of biofuels in Poland and abroad, purchasing crude vegetable oils, as well as large enterprises from the food industry, purchasing refined vegetable oil. Therefore, ZT Kruszwica is a large company with a diversified income. The company is resistant to crises and maintains control over a significant part of the Polish market.
In 2010, Grzegorz Jachimczyk, the financial director of ZT Kruszwica, was granted the Financial Director of the Year award in a prestigious competition organised by ACCA, Euler Hermes and Forbes magazine in recognition of, among other things, the successful restructuring and optimisation of costs, innovative methods of financing rape purchase, as well as working out principles of exchange risk management that are beneficial for the company.