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E-BULLETTIN - TURKISH PLASTICS MARKET

  • Sarten founded the first R&D center for packaging

Packaging company Sarten, one of the leading packaging manufacturers in Turkey, founded the first R&D center in the Turkish packaging sector. Sarten announced that they implemented 4 projects in a period of 4 months. Details

  • 62% of the buyers of Turkish export products are satisfied

The Turkish Exports’ Assembly published the perception survey conducted by means of making face-to-face interviews with the companies using Turkish export products. The rate of satisfaction was measured as 62% in the perception survey. Details

  • Petkim sees 169% profit rise in 3 quarter

Turkish petrochemical company Petkim’s net profit in third quarter of 2017 increases to 372 million Turkish liras, company announces. Details

  • Turkey’s polymer imports hit a new record-high in first 3 quarters

According to ChemOrbis Import Statistics, Turkey’s total polymer imports have set a fresh record in the first three quarters of 2017, as they soared 12% on year to hit 3.8 million tons. Assuming that the growth rate of overall polymer imports remains at least at around 8-10% until the year-end, it is highly probable that the country’s cumulative polymer imports may move above 4.5 million tons or even draw near the 5-million-ton threshold for the whole year. Details

  • Epsan eyes European growth with Italy office

Turkish compounder Epsan Plastik opened a third office in Europe in September, in Italy, to try to better tap into links among the automotive, electronics and appliance industries in the two countries. Details

  • SOCAR’s Izmir refinery to start operations in 2018

One of the largest energy investments Turkey has seen in the last decade was made by the State Oil fw Company of Azerbaijan (SOCAR), which began investing in Turkey when the company acquired the country’s leading petrochemical company Petkim in 2008 for $2 billion. Now, the company is preparing to unveil the SOCAR Turkey Aegean Refinery (STAR) in the Aliaga district of Izmir in September 2018. A $6 billion investment, the STAR is the largest foreign direct investment (FDI) made in a single location. One of the most expansive oil operations in Europe, the Middle East and Africa, the STAR will have a capacity to process 10 million tons of crude oil per year and manufacture imported goods in Turkey. Details

  • $100 million of Turkey’s plastic foreign direct investments from Europe

As a significant investment attraction center, Turkey has seen a 28.8 percent increase in FDI flow in the first eight months of the year while 79 percent of the $4.9 billion investmments came from Europe. Details

  • US-based compounder opened factory in Turkey

US.-based A. Schulman, which manufactures high performance plastic compounds, composites and polymer, has opened a factory in the Çerkezköy Organized Industrial Zone, located in the city of Tekirdag in northwest Turkey. The factory has an annual manufacturing capacity of 17,500 tons and will service Turkey as well as the Middle East and North Africa. Details

  • ÜNLÜ & Co advised Polinas Plastik’s acquisition of Propak Ambalaj

Gözde Girisim Sermayesi Yatirim Ortakligi A.S.’s subsidiary Polinas Plastik Sanayii ve Ticareti A.S., signed a definitive purchase agreement for the acquisition of Propak Ambalaj Üretim ve Pazarlama A.S at an equity valuation of Euro 47 mn. Details

  • Turkish Airlines to buy 40 Boeing 787 Dreamliner planes

Purchase to meet demand for wide-body aircraft at Istanbul’s third airport, flag carrier says. Turkish Airlines announced last week that it intends to buy 40 787-9 Dreamliner jets from Boeing. Details

  • Turkish plastics instructors will train Europeans

The training specialists of Ege Engineering and Consulting, which has been engaged in training and consulting activities intended for the Turkish plastics industry for over 10 years, are taking radical steps to share their experience and knowledge with stakeholders abroad. Details

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