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SOCAR increases its share in SOCAR Polymer
Industry
- 30 June, 2020
- 08:49
According to SOCAR’s consolidated financial statements, the company’s equity in SOCAR Polymer increased from 52.15% to 57.01%, Report informs.
SOCAR Polymer was established in July 2013 to accelerate the development of the chemical industry in Azerbaijan.
The SOCAR Polymer project includes plants producing polypropylene with a yearly capacity of 184,000 tonnes and high-density polyethylene with an annual capacity of 120,000 tonnes.
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