Carbo One Chief Commercial Officer gives interview to Economy Today

September 25, 2019

Limassol, Cyprus, September 25, 2019

Maxim Tolstikov, Chief Commercial Officer of Carbo One Limited, gave an interview to Economy Today about the company’s performance in recent years and its social initiatives, aimed at supporting healthy lifestyle, ecological, cultural, sporting and charity events around the globe.


We know that Carbo One is positioned as one of the world’s largest coal traders. Tell us about the main achievements of the Company, sales volumes, and plans for the current year?

In 2018 Carbo One entered the list of top three global coal traders with the overall trading volume of around 80 million tonnes. Since the foundation of the Company almost 20 years ago, Carbo One managed to increase its sales volume tenfold.
This year we plan to maintain our sales at current level, despite the controversial macroeconomic situation, primarily due to falling prices on the global coal market.

What measures does Carbo One take amid coal prices decline this year?

We strive to balance today’s temporary negative market trends through our advanced supply chain and innovative flexible logistics, which enable us to redirect volumes to the most promising markets in terms of price and demand. In addition, long-term contracts, trading high quality and niche products along with strategical expansion to new sales markets throughout the world play an important role in maintaining and increasing the level of Carbo One annual sales.

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What are the key directions of Carbo One deliveries and which countries is the Company represented in?

Carbo One offers high-quality coal of all grades and qualities, supplying it to consumers of more than 40 countries in Europe, the Mediterranean, the Asia-Pacific region and Latin America. Carbo One has a subsidiary – Carbo One Asia Y.K., based in Tokyo since 2003. In 2014 Carbo One opened an office in Seoul. Besides, we have an office in Dubai (UAE) and non-profit offices in Budapest (Hungary) and Moscow (Russia).

Is Carbo One really one of the major taxpayers at Cyprus?

Yes. We know that this is an important contribution to the economy of Cyprus and local communities. We are also proud of Carbo One charity activities that the Company carries out on a voluntary basis, actively supporting a healthy lifestyle, sports, culture and education around the globe.

Tell us about Carbo One social work. Who is supported and why?

Carbo One as a Major Sponsor of Cyprus Olympic Committee is very proud and aware of its great responsibility in promoting young Cyprus athletes for participation in the upcoming 2020 Olympic Games in Tokyo. Carbo One joined the initiative “Adopt an Athlete” and took over the sponsorship of the Olympic gymnastics team. We are happy that now four young athletes, Marios Georgiou, Victoria Skittides, Ilias Georgiou and Tom Nicolaou are part of the friendly Carbo One family and doubtlessly we are doing our best to help these gifted sportsmen on their way to Tokyo Olympics.

This is an honorable and extremely important mission for our Company, because sport means not only the health of the nation and future generations. It is a unique way of interaction between nations beyond any borders. Sport is a symbol of fair game, hope and peace, diversity, tolerance and respect. That is what unites people of the planet with noble and honest ideals, which are difficult to overestimate in the modern world.

What other global social initiatives is Carbo One involved in?

First of all, I would like to mention The Carbo One Cup Tennis Europe Junior under 12, which has become a highlight in the sports and social life of Cyprus. We have been holding this tournament for the second year in a row on the superior courts of the Aphrodite Hills Resort. This grand tournament was organized with the financial support and exclusive sponsorship of Carbo One and brought together young tennis players from more than 20 countries.

In April of this year, Carbo One sponsored a bike race in Perak, Malaysia. This sporting event was aimed at raising funds for the conservation of mangroves in Malaysia.

In May Carbo One took part in the award ceremony of the 30th Student Theatre Competition as the main sponsor of the event, organized by Cyprus Theatre Organization (THOC) and the Ministry of Education & Culture of Cyprus.

Amongst other initiatives of this year, Carbo One was happy to sponsor a biking team from the Netherlands, which participated in the Alpe d’HuZes charity race to raise funds for the Dutch Cancer Society. The race was hold under the motto “giving up is not an option”. Every euro donated to the Alpe d’HuZes/KWF Fund goes directly and 100% to cancer research and improving the quality of life of people with cancer. Carbo One looks forward to continue supporting this noble mission aimed at finding new modern medicines and medical technologies to save human lives.
Maxim Tolstikov, Chief Commercial Officer of Carbo One Limited