Petkim Petrokimya Holding AS
IST:PETKM.E
PETKM.E's latest stock split occurred on Nov 20, 2020
The company executed a 6-for-5 stock split, meaning that for every 5 shares held, investors received 6 new shares.
Before the split, PETKM.E traded at 4.9 per share. Afterward, the share price was about 4.04.
The adjusted shares began trading on Nov 20, 2020. This was PETKM.E's 7th stock split, following the previous one in Jun 19, 2019.
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Petkim Petrokimya Holding AS
Glance View
Petkim Petrokimya Holding AŞ, nestled on the scenic Aegean coastline of Turkey, serves as a cornerstone of the country's petrochemical industry. Born in 1965, Petkim was established to reduce Turkey's dependency on imported petrochemicals, a move that underscored the nation's ambition to fortify its industrial backbone. Over the years, Petkim has evolved into a sophisticated petrochemical giant, renowned for its comprehensive product portfolio ranging from ethylene and polyethylene to PVC and various other chemical derivatives. These materials are indispensable for multiple sectors, including packaging, construction, agriculture, and automotive manufacturing. By processing natural resources into these high-demand chemical products, Petkim forges a pipeline from raw material to market, strategically aligning with regional and national economic needs to drive growth. At the heart of Petkim's operations lies its integrated production complex in Aliağa, one of Turkey's most advanced of its kind. This industrial hub aids in streamlining workflows and maximizing production efficiency, thereby enhancing profitability. The company’s capacity to transform raw hydrocarbons into value-added products underpins its revenue generation model. Beyond mere production, Petkim has embraced innovation and sustainability, investing in cutting-edge technologies to improve process efficiencies and reduce environmental impacts. This dedication to sustainable growth has fortified its market position, ensuring a steady demand for its products. By catering to both domestic and international markets, Petkim not only supports local industries but also solidifies its stature on the global petrochemical stage, channeling innovation and resourcefulness into every facet of its expansive operations.
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