HIP-Petohemija

What HIP-Petohemija does

HIP-Petrohemija d.o.o. Pančevo is a privately held Serbian petrochemical manufacturer founded in 1977 and headquartered at Spoljnostarčevačka 82, Pančevo, Serbia. The company operates an integrated production complex spanning ethylene processing, polyethylene polymerization (PEVG, PENG, and Petroplast units), synthetic rubber manufacturing (FSK factory producing HIPREN), and a water treatment facility (FOV). Its commercial output covers olefins, aromatics, polymers sold under the HIPLEX, HIPTEN, and HIPREN sub-brands, plus downstream polyethylene pipes and fittings for construction and infrastructure applications.

The business serves two primary B2B segments: the chemical and processing industries (polymer processors, plastic manufacturers, rubber goods producers) and the construction/infrastructure sector (PE pipes for water and gas distribution). Revenue is generated through a tender-based sales system for both procurement and commercialization, alongside ancillary laboratory and pressure-vessel testing services. The company maintains REACH compliance and documented HSE/IMS management systems, and offers English and Serbian language corporate communications. In November 2025 the company announced preparations for a shutdown of Pančevo plant operations, a significant restructuring event that defines its near-term trajectory. Operational scale, integrated asset base, and 48-year operating history form the foundation of its regional market position in the Western Balkans.

Name

HIP-Petohemija

Legal name

HIP-Petrohemija d.o.o. Pančevo

Website

https://hip-petrohemija.rs

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

HIP-Petrohemija is a Serbian integrated petrochemical manufacturer (founded 1977) producing olefins, polyethylene, and synthetic rubber from its Pančevo complex, serving chemical processors and construction/infrastructure buyers across the Western Balkans via a tender-based B2B sales system.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (325110), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Polyolefins (PE, PP) (IMAEADAD)

akta.pro secondary industry

Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)

Keywords

• Petrochemical products
• Polyethylene manufacturing
• Synthetic rubber production
• Olefins aromatics
• Polyethylene pipes fittings

Headquarters

HQ city

Pančevo

HQ country

Serbia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Chemical Products Sales: Sale of petrochemical products including olefins, aromatics, polymers (polyethylene, synthetic rubber), and PE pipes/fittings to industrial customers through tender-based procurement system
2. Laboratory Services: Providing specialized laboratory testing services including analytical testing, polymer testing, and industrial equipment testing (IBR, safety valve testing, pressure vessel and pipeline testing)

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

HIP-Petrohemija manufactures petrochemical products including olefins and aromatics as base chemicals, polyethylene polymers under the HIPLEX and HIPTEN brands, synthetic rubber under the HIPREN brand, and finished polyethylene pipes and fittings. Production takes place at an integrated complex in Pančevo, Serbia, with ethylene processing, polyethylene polymerization, synthetic rubber manufacturing, and water treatment facilities. The company also offers laboratory and industrial testing services to industrial customers.

Product overview

HIP-Petrohemija is a petrochemical company producing olefins, aromatics, polymers, and polyethylene pipes. The product portfolio centers on three polymer brands (HIPLEX, HIPTEN, HIPREN) representing polyethylene products manufactured through ethylene polymerization. The company operates production facilities including polyethylene factory (with PEVG, PENG, and Petroplast units), ethylene factory, synthetic rubber factory, and water treatment plant. Alongside chemical products, HIP-Petrohemija offers laboratory services including analytical testing, polymer testing, and pressure vessel/pipeline testing services.

Differentiator

Problem solved

Functional benefit

Brands

• HIPLEX: Polymer product brand produced by HIP-Petrohemija
• HIPTEN
• HIPREN

Products and services

• Olefins and aromatics (Olefini i aromati)

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• PKN Orlen (Unipetrol): Polish integrated energy and petrochemicals group operating one of Europe's largest polyolefin complexes (Unipetrol in Czech Republic) producing PE and PP. Comparable as a Central European petrochemical incumbent competing for similar industrial customers.
• LyondellBasell: Global polyolefins leader producing polyethylene and polypropylene across European and U.S. assets. Comparable as a scaled competitor in the same polyolefin value chain that HIP-Petrohemija participates in.
• OMV: Austrian integrated energy and chemicals company with petrochemical operations (Borealis co-owner historically) producing polyolefins in Central Europe. Comparable as a regional petrochemical peer with EU regulatory positioning.
• INEOS: Global chemicals producer with major European ethylene and polyethylene operations across the continent. Comparable as a large-scale polyolefin producer whose European footprint overlaps with HIP-Petrohemija's target markets.
• MOL Group: Hungarian-headquartered integrated oil and gas group with petrochemical operations (MOL Petrochemicals) producing polyolefins (LDPE, HDPE, PP). Comparable as a Central European polyolefin producer with similar product portfolio and regional customer base.
• SABIC: Saudi global petrochemical major with large-scale ethylene and polyethylene operations exporting into European markets. Comparable as a global cost-leader whose European sales compete with HIP-Petrohemija's product range.
• Borealis (ADNOC Group): European polyolefin specialist (now part of ADNOC) producing polyethylene and polypropylene for infrastructure, packaging, and consumer applications. Highly comparable as a polyolefin-focused competitor with similar product categories.

Direct peers

• Petrochemija Kutina: Croatian fertilizer and petrochemical producer historically serving the ex-Yugoslav market with nitrogen fertilizers and basic chemicals. Most directly comparable as a regional Balkan chemicals producer competing in overlapping downstream markets.
• Naftna Industrija Srbije (NIS): Serbian integrated oil and energy company operationally linked to HIP-Petrohemija (its careers, supplier portals, and tender systems route through nis.rs). NIS operates upstream, refining, and petrochemical assets in the same Serbian market and is the most immediate regional counterpart for feedstock supply and downstream offtake.
• Synthos (now part of INEOS): European synthetic rubber and latex producer based in Poland, serving tire and industrial rubber markets. Directly comparable as a regional synthetic rubber manufacturer targeting the same downstream customer segments as HIP-Petrohemija's HIPREN/FSK line.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/hip-petohemija

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HIP-Petohemija