Polymer players meet at Reliance’s reception dinner in Istanbul
by ChemOrbis Editorial Team - content@chemorbis.com
Top executives from the plastics industry of Turkey came together at a reception dinner held by Reliance Industries Limited on October 26, 2017 in Istanbul, Turkey. The organization took place at Four Seasons Bosphorus Hotel and attracted almost 200 guests from more than 150 leading companies.
After the networking cocktail, the evening continued with an opening speech from Manoj Vermani, Country Manager. This was followed by statements of Mr. Vipul Shah, Senior Management, Group COO and Mr. Ajay Shah, President of Polymer Chain, bearing the company’s massive capacities and investments. “As Reliance, we have sold 1 million tons of polyolefins (PP and PE) to Turkey in more than a decade,” Mr. Shah said.
In 2016, India became the third largest supplier of homo-PP in Turkey, according to ChemOrbis Import Statistics, with Reliance exporting around 130,000 tons of homo PP to Turkey. Between 2014 and 2016, Reliance constituted almost 8-9% of the overall homo PP market in Turkey.
The presence of Reliance in Turkey’s PE market is not as strong as it is in the PP market. However, the Indian major is aiming to increase its market share in the PE market as well now that the company has successfully restarted its new PE capacities.
Reliance launched their state-of-art PE capacity located in Jamnagar in late September. The brand new facility houses a 555,000 tons/year HDPE/LLDPE swing plant as well as a 450,000 tons/year LDPE plant.
Reliance has been an active player in the petrochemical industry and has collaborated with Turkey and Europe for more than 2 decades now. The company constantly upgrades its product portfolio in accordance with ever-changing demand of the industry.
After the networking cocktail, the evening continued with an opening speech from Manoj Vermani, Country Manager. This was followed by statements of Mr. Vipul Shah, Senior Management, Group COO and Mr. Ajay Shah, President of Polymer Chain, bearing the company’s massive capacities and investments. “As Reliance, we have sold 1 million tons of polyolefins (PP and PE) to Turkey in more than a decade,” Mr. Shah said.
In 2016, India became the third largest supplier of homo-PP in Turkey, according to ChemOrbis Import Statistics, with Reliance exporting around 130,000 tons of homo PP to Turkey. Between 2014 and 2016, Reliance constituted almost 8-9% of the overall homo PP market in Turkey.
The presence of Reliance in Turkey’s PE market is not as strong as it is in the PP market. However, the Indian major is aiming to increase its market share in the PE market as well now that the company has successfully restarted its new PE capacities.
Reliance launched their state-of-art PE capacity located in Jamnagar in late September. The brand new facility houses a 555,000 tons/year HDPE/LLDPE swing plant as well as a 450,000 tons/year LDPE plant.
Reliance has been an active player in the petrochemical industry and has collaborated with Turkey and Europe for more than 2 decades now. The company constantly upgrades its product portfolio in accordance with ever-changing demand of the industry.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Post-holiday hikes carry China homo-PP market to 1-year high
- Asia PVC markets see longest rising streak ever on extreme tightness
- Africa polymers: October offers higher amid reduced availability
- Stable to softer PE trend prevails in Europe amid soft demand, poor netbacks
- Turkey’s PP and PE markets move up, but riddled with uncertainties
- India, SEA PVC markets unlikely to take respite from bullish run for November
- Southeast Asia PET markets move sideways during China’s absence
- Egypt’s import PE market up on tight supply, domestic offers follow suit
- Will European PS, ABS track divergent paths for another month?
- Turkey PP and PE regain premium over China, LDPE fails to make a sprint
