BAKU, Azerbaijan, Aug.18
By Leman Zeynalova – Trend:
The investments made in Petkim Petrochemical Holding of Azerbaijan’s state oil company SOCAR in Turkey in the first half of 2020 stood at 249 million Turkish liras, including investments in modernization, general improvement, technological improvement and energy efficiency and investments in environment, Trend reports citing Petkim.
Net sales amounted to 5,007,961,000 Turkish liras in H1 2020, as compared to 5,940,555,000 Turkish liras in H1 2019.
The company’s gross profit equaled 597,427,000 Turkish liras in the first six months of 2020, versus 878,653,000 Turkish liras in the same period of 2019.
Petkim Petrochemical Complex, which is the first and only integrated petrochemical plant of Turkey, is of strategic importance for Turkey’s economy and industry with its 55-year history.
Petkim played a crucial role in supplying of plastic, medical and raw materials for the packaging industry as part of the fight against COVID-19. It uninterruptedly supplied raw materials needed in this difficult period in Turkey. Petkim once again showed that it is the safe supplier of the Turkish industrialist.
In order to turn Petkim into the most digitalized company of Turkey and Azerbaijan, we launched the “digitalization period” in 2018. The digitalization team at Petkim has up to now implemented more than 40 projects and financial implementation was ensured with 20 active projects within the digitalization program. All those projects were implemented with such technologies as machine learning, artificial intelligence, image recognition, robotic process automation.
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