Profits at Petkim Petrochemicals up 1000%

Profits at Petkim Petrochemicals – the Turkish plastics, fabrics, PVC and detergents manufacturer in which SOCAR holds a 61.32% controlling stake – increased tenfold in the first half of 2014 to 55 m Turkish lira. With demand for its products continuing to increase, the company is planning to increase annual production of ethylene and pure terephthalic acid (PTA) products by 12.5%. Azernews