Petrochemical complex Petkim included in ten leaders on production and export operations
Azerbaijan, Baku, June 29 / Trend /
SOCAR's Turkish petrochemical complex Petkim ranked fourth on the indicators of production and sales of industrial chamber in 2009, SOCAR said.
According to the report, the complex ranked fourth among 254 companies.
It was also included in the top ten on another nomination, particularly as the company operating with high export levels. In this category the company ranked fifth.
In 2008, SOCAR's alliance with Turcas Petrol / Injaz Projects has won a tender to sell 51 percent stake in chemical concern Petkim. It proposed $2.04 billion. Currently, Turkey imports 70-75 percent of the necessary chemical products. Investments of SOCAR / Turcas / Injaz in the development of Petkim will reduce imports by 30 percent.
Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC, detergents. It is the only Turkish producer of such products.