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Turkey’s Petkim petrochemical complex to almost double production capacity

Oil&Gas Materials 23 June 2014 17:44 (UTC +04:00)

Baku, Azerbaijan, June 23

By Emil Ismayilov - Trend:

Turkey's Petkim petrochemical complex plans to increase its production capacity to six million tonnes per year by 2023, a message posted on the official website of the complex said on June 23.

Petkim intends to increase its share in the Turkish market from 25 percent to 40 percent and thereby, increase its production capacity from the current 3.2 million tonnes to six million tonnes, the message said.

SOCAR Turkey Enerji A.Ş and SOCAR International DMCC OGG acquired a 10.32 percent stake in the Petkim petrochemical complex, increasing their stakes to 61.32 percent on March 30, 2012. Some 38.67 percent of the shares are in free circulation on the Istanbul Stock Exchange.

Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC and detergents being the only Turkish producer of such products. The holding exports a quarter of its products.

Edited by CN

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