HIP-Petohemija
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.
- Company typePrivate
- Founded1977
- HeadquartersPančevo, Serbia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
HIP-Petohemija firmographics
Firmographics- 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
HIP-Petohemija industry classification
Industry- 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
Where HIP-Petohemija is headquartered
LocationHeadquarters
- HQ city
- Pančevo
- HQ country
- Serbia
- HQ region
- Europe
Offices1 record
Markets served
HIP-Petohemija business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure
Revenue model
- 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
- 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
HIP-Petohemija product offering
Product offeringCore 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)
Companies that use HIP-Petohemija
Customer profileSegments2 records
Ideal customer profiles3 records
HIP-Petohemija technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
HIP-Petohemija partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights3 records
HIP-Petohemija competitors and assessment
Company assessmentBroad 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
HIP-Petohemija social profiles
Digital presenceHIP-Petohemija financial estimates
Financial estimateRevenue estimate
Valuation estimate
HIP-Petohemija leadership team
Management profileNumber of profiles
Profiles1 record
HIP-Petohemija funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HIP-Petohemija M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HIP-Petohemija
What does HIP-Petohemija do?
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.
Is HIP-Petohemija a public or private company?
HIP-Petohemija is a private company. It is classified as unknown and is currently operating.
When was HIP-Petohemija founded?
HIP-Petohemija was founded in 1977. It employs 11 to 50 people.
Where is HIP-Petohemija based?
HIP-Petohemija is headquartered in Pančevo, Serbia, in the Europe region.
How does HIP-Petohemija make money?
Two revenue lines are on record. Chemical Products Sales are the primary driver. The others are laboratory Services.
Who are HIP-Petohemija's main competitors?
Broad incumbents on record are PKN Orlen (Unipetrol), LyondellBasell, OMV, INEOS, MOL Group, SABIC and Borealis (ADNOC Group). Direct peers are Petrochemija Kutina, Naftna Industrija Srbije (NIS) and Synthos (now part of INEOS).
Does HIP-Petohemija have an API?
No public API is recorded for HIP-Petohemija.
What industry is HIP-Petohemija in?
HIP-Petohemija's product category is Petrochemicals. Its primary akta.pro industry code is IMAEADAD, Polyolefins (PE, PP), with a secondary code of IMAEADAA, Base Olefins (Ethylene, Propylene, Butadiene). Its NAICS code is 325110 and its SIC code is 2860.