Petkim petrochemical complex to start output of new products
Baku, Azerbaijan, Sept.30
By Leman Zeynalova – Trend:
Petkim petrochemical complex in Turkey will start the output of new products, Zaur Gahramanov, CEO of SOCAR Turkey, subsidiary of Azerbaijan’s state oil company SOCAR, told Trend.
“We will produce masterbatch and compounds as part of the Pif Extruder Masterbatch project that will be launched in coming days,” he said.
Gahramanov pointed out that Petkim produces nearly 60 various types of products.
“We export the whole volume of benzene and pygas, which are not consumed in Turkey, while the other products are exported only when the domestic demand is low,” he explained. “We are constantly working on producing new product types in line with the consumer and market demand.”
Petkim manufactures plastic packaging, fabrics, PVC, detergents, and being the only Turkish manufacturer of these products, the company exports a quarter of its production.
Equity participation of shareholders in the complex’s capital is as follows: SOCAR Turkey Petrokimya A.S. - 51 percent, and 49 percent of the shares are in free float on the stock exchange.
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