Changes in Petroleum Prices Will Revitalize the Plastics Industry

Changes in Petroleum Prices Will Revitalize the Plastics Industry. İKMİB Chairman of the Board Akyüz said that the recent changes in oil prices will reflect positively on the sector.
Istanbul Chemicals and Products Exporters' Association (IKMIB) Chairman of the Board, Murat Akyüz, stated that the recent changes in oil prices will reflect positively on the plastics industry, and we expect an increase in our exports, especially with the decrease in tension in the Middle East and neighboring countries. The target of the plastics industry for 2015 is to reach a 10% increase in exports.

According to the statement made by İKMİB, the Turkish plastics industry, which is the second largest producer in Europe and the seventh largest in the world with its production capacity, is looking for ways to consolidate its place in the Middle East market, which has a serious potential. Plastics and its products, which have the largest share of 30 percent from chemistry, one of the locomotives of Turkey's exports, achieved an export of 2014 billion 5 million dollars in 729. As technology and quality plastic productionCompeting with the giants of the world in the world, the sector is also working to become stronger in the Middle East market.

IKMIB, Plastic Industrialists Association (PAGDER) participated in the Arabplast 2015 Fair (Arab International Plastics & Rubber Industry Trade Show and Conference) for the second time this year.
At the fair where the newest products and equipment in the plastics industry are exhibited, Turkish plastic companies on the other hand, sought ways to establish new business contacts that would increase their exports.

İKMİB Chairman of the Board Murat Akyüz, whose views are included in the statement, stated that they are happy for the national participation organization they have organized for the second time in the largest plastic meeting of the Middle East, and as the Turkish plastics industry, we are an important player in the Middle East as well as Europe. Despite all the instability in the Middle East, this region offers an important potential for the chemical and plastics industries. plastic products Iraq is our number one export market. Iran is also among the top 10 countries. Arabplast Fair and our companies had the opportunity to evaluate this region.

Stating that plastics and products have a share of 30 percent in chemistry exports, Akyüz said, "The recent changes in oil prices will have a positive impact on our industry. We expect an increase in our exports, especially with the decrease in tension in the Middle East and neighboring countries. Plastics industry in 2015 The target is to reach a 10% increase in exports.

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Source :foreign newspaper

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