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Turkey’s Petkim announces the establishment of new subsidiary

by ChemOrbis Editorial Team -
  • 21/10/2015 (11:17)
According to a statement on Turkey’s Public Disclosure Platform (KAP) dated October 21, Turkey’s Petkim will establish a new wholly owned subsidiary named Petkim Specialities Mühendislik Plastikleri Sanayi ve Ticaret A.Ş. (Petkim Specialities).

The new company reportedly will specialize in producing high value added, advanced engineering plastics and advanced technology chemicals.

Petkim’s 14,000 tons/year Plastic Processing Plant will be used by the new subsidiary while Petkim is also planning to expand its capacity by another 10,000 tons/year, an investment valued at around $5 billion.
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