SOCAR petrochemical complex in TOP 20 list of Turkey's largest companies
Baku, Azerbaijan, May 30
By Rufiz Hafizoglu - Trend:
Petkim Petrochemical complex, a subsidiary of the Azerbaijani state company SOCAR in Turkey, with a sales volume of 6.473 billion liras entered the list of TOP 500 largest companies in Turkey, taking 13th place.
The ranking was compiled by the Turkish ISO 500 Company.
The list of top ten companies included such companies as Tupras (with sales volume of 51 billion liras in 2017), Ford Otomotiv Sanayi A.S. (22.6 billion liras), Toyota Otomotiv Sanayi Turkiye A.S. (17.8 billion liras), TOFAS Turk Otomobil Fabrikasi A.S. (15.9 billion liras), Renault (15.6 billion liras), Arcelik (12.6 billion liras) and others.
Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported. The production capacity of Petkim is 3.6 million tons per year. The complex includes 14 plants that produce 20 different types of products.
Petkim shareholders are SOCAR Turkey Petrokimya AS (51 percent), while 49 percent is in free circulation on the stock exchange.
Follow the author on Twitter: @rhafizoglu