International Companies in The Chemical Industry in Turkey

International Companies in The Chemical Industry in Turkey

Turkey is one of the fastest growing economy on the World. Did you know, Turkey is 17th largest economy on the World and 6th largest economy when compared with EU countries. GDP with current prices became $ 10,807 in 2016, from $ 3,581 in 2002.

Turkey’s booming economy has become a big opportunity to global companies to invest in Turkey. That is why the FDI (Foreign Direct Investment) between 2002 to 2016 has reached to $ 180 billon.

Paralleling to growing economy, Turkey’s chemical industry has been robustly growing over the past decade with approx. 5% CAGR.

Some of The International Companies invested in Turkey in Chemical Industry

BASF

Operational in Turkey for 137 years
6 manufacturing facilities & 7 offices in Turkey for chemicals, agricultural solutions, performance products, functional materials
Uses Turkey as a management hub for Russia & CIS, Middle East and Africa
Over 750 employees

P&G

Operational in Turkey for 30 years
Award winning exporter with over 20% of production in Turkey exported to more than 10 countries
USD 700 million of investment in manufacturing facilities
Employment for 2,500 people
Uses Turkey as a regional hub
60% of products sold in Turkey produced locally

Henkel

Operational in Turkey for around 55 years
3 factories and 8 regional sales offices
Over EUR 50 million of investment in past 5 years
Around 1,500 employees

Unilever

Operational in Turkey for over 100 years
Over 5,000 employees
8 manufacturing facilities of food, home care, personal care & refreshment products
New personal and homecare factory in Konya creating an investment ecosystem of EUR 350 million
Uses Turkey as a key regional hub for exports to 21 countries

3M

Operational in Turkey for 30 years
Manufactures products for safety, industrial, personal care, automotive, appliance & healthcare
Opened a super hub and an innovation center in 2015
Uses Turkey as one of the management hubs for the region
Exports 60% of its production

DuPont

Operational in Turkey for around 60 years
HQ & innovation center in Istanbul, seed conditioning & processing plant facility in Adana, sunflower R&D center in Lüleburgaz
200 employees

Cargill

Operational in Turkey for around 55 years
More than 500 employees in 6 locations in Turkey
3 production facilities: starch & sweeteners in Bursa, fats & oils in Balıkesir, oleo-chemicals in Kocaeli
Manages 19 countries from Turkey

Dow

Operational in Turkey for over 45 years
4 factories in Turkey for STYROFOAM™ Brand Insulation, paint, polyurethane & plastic additives
DowAksa JV for carbon fiber production in Yalova & DCM JV with Polisan for emulsion production in Gebze
Uses Turkey as a regional export hub for Eastern Europe & Middle East
Around 260 employee

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