Petkim port to be commissioned next year

/By AzerNews/

By Aynur Karimova

Petkim Container port in Turkish Izmir city will be commissioned in the first quarter of 2016.

This remark was made by Mogens Wolf Larsen, managing director for APM Terminals Turkish unit, local media reported.

"The construction of this port is one of the most important projects in Turkey," he said adding that some 600 people will work at this port,

An agreement on the construction of this port with a total cost of $400 million was reached with Danish and Dutch companies.

The initial capacity of the port will be 1.5 million TEU (twenty-foot equivalent unit) which will be increased to four million TEU in the future. Its capacity will exceed the capacity of Aslandzhak port by about 50 percent.

The Dutch company APM Terminals, one of the world's leading port operators, will enjoy the right to manage the port for 28 years while the port will belong to Turkey.

Petkim Petrochemical Complex, which includes 15 major factories and seven auxiliary units, manufactures plastic packages, fabrics, PVC, and detergents, and is the only Turkish producer of such products.

A quarter of Petkim's products are exported to foreign markets.