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Altromax Grupp

Business TypeTrading Company
Main MarketsNorth America South America Western Europe Eastern Europe Ea
Product/ServiceSesame seed
Business Owner
Employees5 - 10 People
RegionEstonia

Company Introduction

Altromax: background information

- Altromax Trading is a company within the Altromax Group
- The Altromax Group, an Estonian company, was established 1995
- Altromax Group is both privately owned and capitalised
- For the year 2004, turnover was 13.65m and profit 3.13m
- The companys auditors are KPMG, Estonia
- Hansabank, the largest bank in the Baltic States and part of Swedbank, Stockholm, are the companys principal bankers
- In the Autumn of 2005 the Group bought the controlling interest, 52%, in Dagny, one of Polands leading confectionery manufacturers: it is already agreed that this holding will be increased to 100% within the next 6 months
- The main activities of Altromax have been:
- Sugar trading:
- purchased from traders, such as Cargill, Dreyfuss, etc;
- shipped in lots of up to 5,000 tonnes;
- re-packed, as necessary, in Estonia;
- sold to industrial users (bakers, confectioners, etc) and to
major retail outlets in The Baltic States;
- annual tonnages c. 20,000-25,000 (2004: 22,000 tonnes)
- Brewing Malt:
- sales and delivery of malt from Greencore UK (formerly
Pauls Malt), on an agency basis, to brewers in the Baltic
States, Ukraine and other FSU states
- Roasted Malt:
- sales and delivery of malt to the bakery industry from Viking Malt Group, Scandinavia, on an agency basis
- Malting Barley:
- sales and delivery of malting barley from EU sources to maltsters in The Baltic States
- Cocoa beans:
- similar operation to sugar but on a smaller scale
- Dairy products:
- milk powder, butter, Estonian production
- In connection with these activities, Altromax has gained considerable experience of logistics, ranging from ship and rail (full block-train) chartering, through conventional forwarding to warehousing and distribution.
- With the Baltic States accession to EU member status in 2004, it has been necessary for Altromax to review all modus operandii to comply with EU regulations and practices
- Altromax Trading was established in the summer of 2005 as the vehicle to operate the Groups oil-seed processing and trading operations.
- These are based primarily on Sesame seeds, imported from The Central Asian republics, such as Uzbekistan, processed in Estonia and then delivered to the European bakery industry. This project has been developed in conjunction with the RHM Group in the UK. Sunflower Seeds are also part of this project.
- It has subsequently been decided that all the food-based activities of the Group will be handled by Altromax Trading.
- Altromax Trading is controlled by 4 directors

Contact Information

Contact PersonMr. Timur Musaev
Telephone372-5-268440
Fax Number372-6-828125
Website
Post Code
AddressPaldiski Mnt.51 - 33, Tallinn, Estonia
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