SOCAR Turkey studying Malaysian, Pakistani markets for Petkim’s exports
Baku, Azerbaijan, Sept.30
By Leman Zeynalova – Trend:
SOCAR Turkey, subsidiary of Azerbaijan’s state oil company SOCAR, is studying Malaysian and Pakistani markets for exporting products of Petkim petrochemical complex, Zaur Gahramanov, CEO of SOCAR Turkey told Trend.
“Our work on market diversification continues. For instance, we are studying new markets such as Malaysia and Pakistan as part of implementation of TURQUALITY program,” he explained.
Gahramanov went on to add that in 2018, Petkim exported products worth $671 million to 69 countries, while in the first half of 2019, it exported products worth 336.2 million to more than 70 countries.
TURQUALITY is an ambitious project associated with bringing “Turkey” and “Quality” concepts together. As a national brand-building program, TURQUALITY’s goal is to facilitate and support the success of Turkish brands on international arena.
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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