SASA Polyester raised the cost of its investment for new polymer facility from 7.2 billion to 12,8 billion liras.

Erdemoğlu Holding shipowner SASA Polyester San. A.Ş. continues its growth process with investments.One of the leading manufacturers of fiber, filament and polyster based polymers and by-products. The firm widened its range of investment to benefit from increasing government support more. These are stated from the firm on Public Disclosure Platform(PDP);

SASA sets up MEG and Polymer Manufacturing Facility

“Within the scope of providing Project Based Government Support to Investments put into regulation with the judge of Council of Ministers; Shared with the public earlier, 7.175.000.000 Turkish Liras (2.050.000.000 USD) provided for building of our firm’s main materials a PTA, MEG and Polymer manufacturing facility and found suitable by the Economy Ministry; has been raised to 12.803.000.000 Turkish Liras (3.658.000.000 USD). And  the investment process increased to 8 years from 6 years after the interviews made with Economy Ministry.”

Rise is 5.6 Billion Liras

Raising its 7.2 billion liras investment to 12.8 billion liras; SASA also recorded on the statement it made to PDP that some interviews; with Ministry of Economy and Energy and Natural Sources Ministry continue in terms of the buying; allotment or renting of 2.9 million squaremeters area based in Hatay Dörtyol and belongs to Turkish Petrol Anonymous Collaboration(TPAO); has been going on.

Erdemoğlu Holding took over the Sabancı Holding shares in SASA in 2015 thusly; 49% of the company offered to the public whereas 51% of it belonged to Erdemoğlu Holding.