SOURCE: Industrial Info Resources

July 16, 2008 07:00 ET

Turkish Petrochemicals Major Petkim Given $5 Billion Production Boost, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 16, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- When the consortium formed by Socar (Azerbaijan), Turcas (Turkey) and Injaz (Saudi Arabia) finalized the $2 billion, 51% takeover of Turkey's state-owned petrochemical major Petkim Petrokimya Holding A.S. (IST:PETKIM) (Izmir) in May, it promised a major investment to expand the group to more than double its annual production capacity to 4.5 million tons.

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