Petkim petrochemical complex increases sales
Azerbaijan, Baku, Aug.10 / Trend, E.Ismayilov /
The trade turnover of the Turkish petrochemical complex Petkim has amounted to 2.35 billion Turkish lira during the first half of this year, or 21 percent more than during the same period of last year, the complex said on Friday.
According to the report, Petkim's sales amounted to 978,000 tons, or 12 percent more than the same period of 2011.
In the first half-year, investments directed at increasing capacity totaled $22 million.
In January-June, Petkim's production capacity was used at 92 percent.
On March 30, SOCAR Turkey Enerji A.S and SOCAR International DMCC OGG acquired a 10.32 percent stake in Petkim, increasing SOCAR's stake in the company to 61.32 percent. Some 38.67 percent are in free circulation at the Istanbul Stock Exchange.
Petkim Petrokimya Holding manufactures plastic packages, fabric, PVC, detergents, being the only Turkish producer of such products, a quarter of which the company exports.
The official exchange rate is 1.7758 TL / USD on Aug.10.