East meets West Stand

Bains, Elizabeth
July 2007
ICIS Chemical Business;7/9/2007, Vol. 2 Issue 74, p51
Trade Publication
The article reports on the condition of the firm Petkim, in the wake soaring polymer deficit and the privatisation of main producer in Turkey. It is stated that Petkim has invested $450m over the last five years to boost its total petrochemical capacity, however it failed to keep pace with the growth in chemicals consumption in Turkey. It is stated that the Turkish state is in the process of auctioning off a 51% stake in the company, which should provide funds for future investment projects.


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