TURKISH PETROCHEMICAL FIRM SIGNS MoU WITH IRANIAN FIRM

ISTANBUL (A.A) - 30.10.2009 - A Turkish petrochemical company signed a Memorandum of Understanding (MoU) with an Iranian company on establishment of a plant and its facilities, the Turkish company said on Friday.
The Petrochemical Holding Corp. (Petkim) of Turkey signed on October 28, 2009 a MoU with the NPC International Limited (NPCI) of Iran on establishment of suspension polyvinyl chloride (S-PVC) plant with a capacity of 300,000 tons a year and its facilities.
Petkim, the leading petrochemical company of Turkey, was founded in 1965.
Specializing in petrochemical manufacturing, the company produces ethylene, polyethylene, polyvinyl chloride, polypropylene and other chemical building blocks for use in the manufacture of plastics, textiles, and other consumer and industrial products. The company has 14 manufacturing plants supplying a significant portion of petrochemicals used in Turkey. The company also exports products to the United States, and countries in Europe, the Middle East, Africa, and Asia.
Petkim is listed on the Istanbul Stock Exchange.