Victoriaoil’s core activity is the production of unrefined and refined oils, biodiesel and protein meals. The company’s intensive investment cycle began upon joining the business system of Victoria Group, which resulted in an increase of its processing capacities and the modernisation of its technology. Today the factory processes nearly 220,000 tons of sunflower seeds and over 85,000 tons of soybeans per year.

Victoriaoil is unique in that, after an investment worth EUR 20 million, it became the largest factory to produce biodiesel in Southeast Europe. This enabled the oilseed refinement production process to be carried out with full flexibility, able to alternate between the production of edible oils and biodiesel, depending on market conditions. Another major investment has been the installation of the biomass boiler, which ensured energy independence and the operation of the plant almost 365 days a year.

In 2009, a modern filling and packaging plant for sunflower oil was launched when Victoriaoil’s most famous brand – the edible oil Iskon – was first created. With a capacity of 14,000 litres per hour, the annual production exceeds 68 million bottles of edible oil. Excellent results were achieved not only in the local market, where Iskon’s share is 30%, but also in Austria, Slovakia, Slovenia, Hungary, Greece, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia and Albania.

As part of the Best of Serbia campaign, Iskon oil received the award for the best brand in 2012 in the food category of consumer goods. The oil also received the highest marks for the quality of refined sunflower oil in Serbia at the first independent testing conducted by the Consumers’ Association of Serbia within the TESTS project (European Standards for Consumer Protection).

As of 2012, under the umbrella of the Iskon brand, the company also produces edible soy oil manufactured from non-GMO soybeans.

Important export results have also been achieved in the sale of unrefined sunflower, soybean and rapeseed oils and meal, which placed the company in the ranks of the largest exporters in Serbia, with the revenue from export sales in 2012 exceeding EUR 80 million. The company’s competitiveness at home and abroad is secured by numerous standards implemented in compliance with the strictest legislation of developed international markets, such as ISO 9001, HACCP, ISO 14001, OHSAS 18001, KOSHER, HALAL, IFS Food, GMP+B2 (2010) and ISCC.


Total annual amounts of processed sunflower and soybean


Total processed amounts of the cultures