Turkey announces top-500 of big industrial enterprises
Baku, Azerbaijan, June 5
By Rufiz Hafizoglu – Trend:
The Istanbul Chamber of Industry has announced a list of 500 big industrial enterprises in Turkey.
The Chamber said in a message June 5 that Tupras refinery is leading the top-500 of big industrial enterprises in terms of net profit volume. In 2016, the refinery made a profit of 32.594 billion Turkish liras.
Ford Motor Company ranked second with a profit of 16.314 billion Turkish liras. Turkish automotive company, Tofas, completed 2016 with a net profit of 12.856 billion Turkish liras.
The Petkim petrochemical complex, a subsidiary of Azebaijan’s state oil company SOCAR in Turkey, ranked 17th with a profit of 4.153 billion Turkish liras in 2016.
Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported.
Petkim shareholders are SOCAR Turkey Petrokimya AS (51 percent) and SOCAR Turkey Energy AS (1.32 percent), with 47.68 percent in free float.
Follow the author on Twitter: @rhafizoglu