The mutual benefits are obvious
Elvan Umur, Assistant Sales Manager at Petkim Petrochemical Co.:
Participation in the present exhibition is undoubtedly beneficial for every company engaged in industrial production that is represented here. This is proved by our stand which contains exhibits that attract the attention of many visitors. Petkim produces plastic packaging, fabrics, PVC and detergents, and is the only producer of such products in Turkey. A quarter of our products are exported by the company. We were established in 1965 and, after privatization in 2008, we became a partner of SOCAR.
The investments made by SOCAR/Turcas/Injaz to modernize PetkimТs production facilities have increased the share of this enterprise in the Turkish market to 40 percent from an initial 27 percent, i.e. one and a half times. Until recently Turkey was importing up to 75 percent of the chemical products needed, but with the investments made by SOCAR/Turcas/Injaz in Petkim, importations have been reduced to 30% of the market. The rate of demand for chemical products in Turkey grows annually by 12%.
SOCAR/Turcas/Injaz is going to build an oil refinery in Turkey for the supply of raw materials to chemical enterprises, modelled on Petkim. The estimated processing capacity of the oil refinery will be 6-8 million tons per year.
We are participating in the packaging exhibition for the first time and we have represented our brand at the Caspian Oil Exhibition on three previous occasions. The modern Baku Expo Centre has attracted the attention of many new exhibitors who we hope will become our partners. We are very interested in the Azerbaijani market and this interest is mutually beneficial because it envisages the promotion of Azerbaijani products in the Turkish market.