Turkey's Petkim increases sales by 10 percent
The trade turnover of the Turkish petrochemical complex Petkim, in which Azerbaijani state oil company SOCAR has an equity interest, exceeded 3.4 billion Turkish lira in January-September, which is 17 percent more compared to the same period of last year, Petkim said.
According to the report, Petkim's sales amounted to 1.43 million tons, or 10 percent more compared to the same period of 2011.
For the nine months, the volume of investments aimed at increasing the capacity, maintenance and capital expenditures totaled $35 million.
In January-September, Petkim's production capacity was used at 92 percent.
On March 30, SOCAR Turkey Enerji A.S and SOCAR International DMCC OGG acquired a 10.32 percent stake in Petkim, increasing SOCAR's stake in the company to 61.32 percent. Some 38.67 percent are in free circulation at the Istanbul Stock Exchange.
Petkim Petrokimya Holding manufactures plastic packages, fabric, PVC, detergents, being the only Turkish producer of such products, a quarter of which the company exports.
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