Iconic company Palma will again produce table oils in Slovakia

The firm is owned by financiers of the Slavia Capital group.

Table oils that have started to be produced in Slovakia, by the iconic Palma company.Table oils that have started to be produced in Slovakia, by the iconic Palma company. (Source: Courtesy of Palma. )

After five years, the once iconic company Palma is re-launching its production of oils in Slovakia.

It wants to start off with specific types for now, namely oils from poppy, nut and pumpkin seeds. In the past, Palma mostly produced common table oils such as rape-seed.

A Slovak product once again

The first oils should have already appeared in the shops this August but as the CEO of the company, Martin Varga, explains, so far it has been a trial period. In practice, the firm will decide, based on trader and consumer demand, how to set future production and which type of oil it will produce in the greatest quantities. It plans to launch regular operations in October.

Palma aims to make oils only from Slovak crop-plants.

After the trial operation, the company will also decide in which city or village it will open its facility which will depend on which product turns out to be the most sought-after.

“We have chosen several localities in Slovakia depending on which type of oil will be produced,” Varga said. “The localities are as close as possible to the main crop-plant.” He refused to specify the localities, saying only that the plant will definitely not open in Bratislava.

At present he does not even want to specify how many new jobs the company will create. Back in 2011, Palma employed as many as a thousand people. Then, over the course of two years, it laid off hundreds of workers, until it ended the production of oil in Slovakia totally. The pressing-shop was moved to the Czech Republic, and crops were supplied by farmers from neighbouring countries.

Thus, Palma oil as a typical Slovak product was ended. Later, the oil was imported to Slovakia to be bottled here. As well as this, baking fats and cosmetics were also made in Slovakia. Last year, around 40 people worked for Palma in this country, according to the financial statement.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

President Zuzana Caputova delivers her state of the republic address in parliament on September 27, 2021.

President Čaputová: We need to protect this world and Slovakia's place in it

In her speech about the state of the republic, the president offered a grim summary of the pandemic so far. Slovakia is in desperate need of stability.

Ahmedur Rashid Chowdhury (aka Tutul)

Bratislava reminds me of Bangladesh, says exiled writer

Ahmedur Rashid Chowdhury calls on the Slovak capital to help exiled writers and artists work through their trauma.

6 h

News digest: Fear of Covid vaccines behind low vaccination rate in Slovakia

PM does not expect national emergency to be declared. Romania toughens up rules for incomers from Slovakia. President will present her state of the republic address.

18 h
Most Slovak believe that “we” should also include foreigners, although they are quick to point out that efforts to integrate should be undertaken mainly by the foreigners themselves.

What Slovaks shouldn’t forget when they dream of the perfect foreigner

Bratislava’s mayor is right that integration is a two-way street, but even the capital still has some way to go to see foreigners as residents rather than just visitors.

22 h
Skryť Close ad