BAKU, Azerbaijan, Jan.23
By Leman Zeynalova – Trend:
After acquiring the majority stake in Petkim petrochemical complex, SOCAR Turkey has invested in it on average nearly $100 million each year, Zaur Gahramanov, CEO of SOCAR Turkey told Trend.
“Our total investments in Petkim stood at around $1 billion in 2008-2018,” he said.
Gahramanov noted that priority in making investments was given to modernization of the factories, general improvement, digitalization, energy and environmental issues.
“We will continue making investments in digitalization journey of Petkim and modernization of our factories in 2020,” he added.
Incorporated in 1965, Petkim maintains its business operations as the first and only integrated petrochemical producer of Turkey. Producing approximately 60 petrochemical products at its production facilities in Aliaga, Izmir, Petkim provides contributions to national industry and production.
SOCAR Turkey acquired and made Petkim focal point of its investments in 2008.
The petrochemical products, produced by Petkim, are used in several industrial branches such as automotive, electrics, electronics, agriculture, packaging, textile, pharmaceutics, paints, construction, detergent and cosmetics.
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