SOCAR opens a new company


Turkish petrochemical complex Petkim establishes a plant for production of high-tech engineering plastics and chemicals, Trend reported.

A company called Petkim Specialties Mühendislik Plastikleri Sanayi ve Ticaret A.Ş. (Petkim Specialities) is a 100-percent subsidiary of Petkim.

Petkim, in which, SOCAR (State Oil Company of Azerbaijan) has an equity interest of 61.32 % in, produces plastic packages, fabric, detergents and is the only Turkish producer of such products, a quarter of which is exported. The rest of the complex shares are in free float on the stock exchange.