ADMINISTRATION COMPANIES IN THE PORTFOLIO 2003 PRIVATIZATION PROGRAMME 1985-2002 IMPLEMENTATIONS PRIVATIZATION SOCIAL SUPPORT PROJECT TURKCE FOR ENGLISH PUBLICATIONS
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PETKİM Petrokimya Holding A.Ş.

 

 

COMPANY NAME

PETKIM Petrokimya Holding A.S.

COMPANY ADDRESS

P.K. 12, Aliaga, Izmir 35801 / Turkey

COMPANY TEL. / FAX

+90 232 616 32 40 / 616 12 40, Fax : +90 232 616 12 48

GENERAL MANAGER

Hayati ÖZTÜRK

SECTOR

All chemicals extracted from petroleum

TAKEN INTO PRIVATIZATION PORTFOLIO

September 11, 1987 (Board of Ministers, Decree No. 87/12184)

CAPITAL STRUCTURE

  300,000,000 TL (Registered Capital)
1,000,000,000 TL (Issued Capital)

SHARE HOLDING STRUCTURE

51% Socar&Turcas Petrochemical Inc. ,

10.32% Privatization Administration,

38.68% Traded on ISE

NET SALES (2010)

2.909 million TL

NET PROFIT / LOSS (2010)

130 million TL

NUMBER OF EMPLOYEES (06/2011)

2.631

MARKET SHARE (2010)

26% 

PRIVATIZATION METHOD

Depending upon the market conditions, the privatization method will be determined by PHC

SUMMARY OF PRIVATIZATION IMPLEMENTATION

The production facilities located in İzmit Yarımca was sold for 60 million US Dolar in 2001.

NOTE:

The tender process of the minimum 88.86 % of the shares of Petkim announced by January 20, 2003. 5 (Five)bids have been received on due date April 2,2003. On June 6, 2003, 3 proposals were taken to the final tender. Following the auction on June 06,2003. Standart Kimya Pet. Doğ. San. ve Tic. A.Ş. has won the tender process of PETKİM for the block sale of 88.86% of PETKİM shares.

 

However, due to failure of Standart Kimya to fulfil the obligations in certain period of time required by PHC,PETKİM tender process has been cancelled and the bid bond of Standart Kimya which is the amount of 10 million US Dollar has been forfeited.

 

The tender process  of 88.86% of the share of PETKİM Petrokimya Holding A.Ş.  via a block sale has re-opened on August 26, 2003 Due to insufficient number of bids the tender was cancelled.

 

Secondary public offering of PETKİM shares for 34.5 % has been completed on April 2005.

 

PA has hired Ak Investment-Raiffeisen Investment Consortium for privatization operations of PETKİM on September 20, 2006. 

 

Privatization tender of 51% of the public shares of PETKİM, 44% of which are owned by the Administration and 7% of which are owned by The Republic of Turkey, State Pension Fund through block sale method has been announced by March 16, 2007.  Open public tender had been made on 5 July 2007 . Sale to second highest bidder, Socar&Turcas-Injaz Consortium, has been approved with 2.040.000.000 USD by Privatization High Council with decision number 2007/63 on 22 November 2007. The transaction for the block sale of the 51% of Petkim Petrochemichal Inc. shares was concluded on Friday May 30, 2008. Socar&Turcas Petrochemical Inc..

 

Depending on the market conditions and decision of PHC, the privatization process of 10,32% will be finalized in near future.

 

 
     

 

INFORMATION

RECENT PROGRESSES  OF MAJOR INVESTMENT PROJECTS

Plants

PLANTS AT ALIAGA

Ethylene Plant

Low Density Polyethylene (LDPE) Plant

Low Density Polyethylene Tubuler (LDPE-T) Plant

High Density Polyethylene (HDPE) Plant

Polypropylene (PP) Plant

Acrylonitrile (ACN) Plant

Ethylene Oxide / Ethylene Glycol (EG) Plant

Aromatics Plant

Pure Terephthalic Acid (PTA) Plant

Phthalic Anhydride (PA) Plant

Chlorine Alkali (CA) Plant

Vinyl Chloride Monomer (VCM) Plant

Polyvinyl Chloride (PVC) Plant

Bag Production Unit

Masterbatch Unit

UTILITY UNITS AT ALIAGA

Guzelhisar Water Dam

Water Pretreatment Unit

Demineralized Water

Cooling Water Powers

Steam Generation Unit

Power Generation Unit

Nitrogen & Air Supply Unit

Waste Water Treatment Unit

Harbor

     

mozel@oib.gov.tr

PRIVATIZATION

2012

Petrokimya
Holding A.Ş.

 

 

For Turkish

 

Address:

PETKİM GENEL MÜDÜRLÜĞÜ

P.K. 12 35801

Aliağa / İzmir 

TÜRKİYE

Tel: +90 (232)

616 3240 (20 Line)

616 1240 (20 Line)

Telex: 51706 a pete tr

Telefax: +90 (232)

616 12 48 - 616 14 39

 

www.petkim.com.tr

 

Republic Of Turkey Prime Ministry Privatization Administration 2012