Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2016:
“Gunvor’s sound management and clear strategy has enabled the company’s continued growth and uninterrupted run of profitable operations,” said Gunvor Group CFO Jacques Erni. “We are now reaching into new geographies with new investments and trading, backed by a strong liquidity position.”
Among activities undertaken by Gunvor in 2016 were the acquisition of an oil refinery in The Netherlands, the successful commissioning of a new products terminal in Indonesia, and an investment in Paraguay. In addition, the company opened new trading offices in Houston, Texas and Stamford, Connecticut.