Chemicals

ChemicalsSurface Transport & Logistics

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The chemicals industry has a unique position in the manufacturing sector as it not only produces end-products such as plastics, cosmetics, and pharmaceuticals, but also supplies intermediate products for countless other industries.

 

  • 4,221 manufacturers in chemicals and 12,099 in rubber and plastics.
  • 69,298 employees in chemicals and 181,610 in rubber and plastics.
  • 581 foreign capital chemical product manufacturers and 257 foreign capital plastics & rubber manufacturers as of the end of 2013.
  • USD 1.6 bn FDI in chemical and pharmaceuticals industry btw. 2009-2013, with a 13% share in total manufacturing industry.
  • Additionally, USD 0.9 bn FDI in plastics and rubber industry btw. 2009-2013, with a 7% share in total manufacturing industry.

 

  • Petrochemicals: Production capacity of 3 mn tons. (Source: Petkim, 2014)
  • Fibers: Two large scale companies – AKSA and SASA.
  • Plastics: Production value of USD 34 bn of plastics.
  • Rubber: 510 thousand tons of rubber product production
  • Soap production capacity of 400,000 tons and detergent production capacity of 1.75 mn tons.
  • Cosmetics: Major foreign cosmetics manufacturers – Procter&Gamble, Henkel, Colgate Palmolive, Unilever.
  • Dye: 850 thousand tons and USD 2 bn market size. 6th largest dye manufacturer in Europe with 800,000 tons production capacity
  • Fertilizer: Production capacity of 5.8 mn tons; domestic production covers majority of the demand.
  • Pharmaceuticals: 6th largest pharmaceuticals market in Europe.
  • Soda: Led by the large scale Soda Sanayii A.S.

 

 

With robust market growth fueled by downstream industries, Turkey is an attractive investment location for chemical companies. The sustainability of growth in customer industries in Turkey is unquestionably a source of strength. The following factors also make Turkey an attractive investment destination:

 

  • Advanced transportation infrastructure provides flexibility, convenience and additional cost savings for manufacturers.
  • Turkey’s plastics sector is the 2nd largest producer in Europe and 7th largest in the world; Turkey aims to become the top producer in Europe by 2016.
  • Turkey is the 2nd largest net importer of petrochemicals in the world.
  • Turkey is the 17th largest automotive producer in the world.
  • In the construction sector, 42 of the top 250 international contractors are Turkish.
  • Turkey is the 4th largest paint producer in Europe.
  • As a strong manufacturing and conversion hub, Turkey is one of the largest European consumers for textile and construction chemicals.
  • Turkey has the 7th largest agricultural production in the world, while its demand for fertilizer is the 10th highest in the world.
  • Turkey is located close to large and growing trade markets.

 

Over the coming years, Turkey’s chemical industry is poised for extraordinary growth with exports projected to reach USD 50 billion by 2023.

 

Turkey has six strategic goals as part of the government’s Vision 2023. These include manufacturing high value-added products, transforming facilities to enable high value-added production, structuring R&D policies, educating a high-skilled work force, developing and ensuring an environment of cooperation, and increasing demand for locally manufactured products.

 

With fluctuations in energy and raw material prices, monitoring manufacturing methods is more important than ever before. Additionally, the ability to predict and gauge changes in consumer behavior and demand, while difficult, is paramount to driving efficiencies.

 

ccccHaltın’s consultative, advisory approach allows us to serve clients beyond tax considerations, and to offer guidance on forecasting issues. Our professionals identify risks as they relate to financing, research and development costs, inventory, government regulations, and the production chain.

Additionally, the recent trend toward consolidation in the sector has resulted in more M&A activity, as well as increased competition for deals. We offer a wide variety of M&A services to help clients target new customers and identify strategic buyers looking for opportunities. Our accounting, tax, and business advisory experience guides businesses through their biggest challenges, allowing them to compete in a global marketplace where customers expect high levels of service at lower costs.

 

  • Soda: Led by the large scale Soda Sanayii A.S.

 

chemicals-2With robust market growth fueled by downstream industries, Turkey is an attractive investment location for chemical companies. The sustainability of growth in customer industries in Turkey is unquestionably a source of strength. The following factors also make Turkey an attractive investment destination:

 

  • Advanced transportation infrastructure provides flexibility, convenience and additional cost savings for manufacturers.
  • Turkey’s plastics sector is the 2nd largest producer in Europe and 7th largest in the world; Turkey aims to become the top producer in Europe by 2016.
  • Turkey is the 2nd largest net importer of petrochemicals in the world.
  • Turkey is the 17th largest automotive producer in the world.
  • In the construction sector, 42 of the top 250 international contractors are Turkish.
  • Turkey is the 4th largest paint producer in Europe.
  • As a strong manufacturing and conversion hub, Turkey is one of the largest European consumers for textile and construction chemicals.
  • Turkey has the 7th largest agricultural production in the world, while its demand for fertilizer is the 10th highest in the world.
  • Turkey is located close to large and growing trade markets.

 

Over the coming years, Turkey’s chemical industry is poised for extraordinary growth with exports projected to reach USD 50 billion by 2023.

 

how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

Our experience with Haltin Consultancy gave us more than we expected. Their service was all prosfessional and satisfactory from the beginning to the end. We felt their expert support during the whole process.

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Amanda Seyfried
Sales & Marketing, Alien Ltd.