Just over a year ago, WICO joined the select group of companies licensed in Argentina to refine crude oil. And the emblematic company - whose brand - was a pioneer in the sale of fuels in the country, now seeks to continue advancing in the sector.
The eye is set on acquiring service stations in the near future. And although there is still no specific date for this, they did have dialogues with various businessmen to reach an agreement.
“That is our intention. We are probing people who are interested in renting or selling stations to move forward, but until it is defined we cannot have a specific date. And once the business is completed, a whole process of decoration, assembly, structure and others begins to put them in conditions ", said Fernando Riccomi head of WICO.
Following this line of growth, the specialist commented that " vertical integration needs to be achieved in order to move forward, if we cannot do it it is very difficult to sustain itself over time ."
"The idea is to have a national brand, not a regional one, and to continue as long as the economy allows it and as opportunities arise , our search is to find some form of association with people who have been serving a market and a certain one for years. clientele, ”he added.
And when asked if there is a particular place to start this path, Riccomi acknowledged that they have already observed the panorama in the city of Mendoza - the refinery is located in that province - but clarified that " there is no preference for any place ."
It is worth mentioning that so far WICO produces gasoline and derivatives, diesel, diesel, fuel oil and LPG, while its network of clients is made up of distributors, non-flag service stations, transporters and the agricultural sector, in addition to being one of the CAMMESA suppliers.
Finally, the head of the company referred to the growth of sustainable mobility in Argentina and did not rule out the idea of evaluating the implementation of electric pumps in the future:
“You have to adapt to all circumstances, if a significant volume of vehicles appears and the business involves providing fast energy through Service Stations, in addition to technology permitting, it will be analyzed. We will adapt to reality ”.