Azerbaijan, Baku, Feb.28 / Trend, A.Taghiyeva /
Following the resignation of two members of the Supervisory Board of the Turkish Petkim Petrochemical Holding, Omer Adsiz and Koray Atalik have been appointed to these post today, Ankara agency reported on Tuesday.
The alliance between SOCAR and Turcas Petrol /Injaz projects resulted in them winning a tender in 2008 to buy a 51 per cent stake in various chemical projects worth $2.04 billion.
Now Turkey imports 70 to 75 per cent of its chemical products. Investments in the development of Petkim will reduce that figure by 30 per cent.
At present, capacity available at the complex is over 500,000 tons of ethylene, and it is planned to increase its capacity up to 600,000 tons.
The Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC and detergents. It is the only Turkish producer of such products and exports a quarter of its production.