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28-04-2012

Advanced Petrochemical will be setting up a Polypropylene JV with a Turkish company

The Management is pleased to announce that Advanced will be setting up a Polypropylene Joint Venture, with a Turkish company, in Turkey. A Memorandum of Understanding is going to be signed by end of this week, and the Plant is expected to be commissioned by end of 2015.

We are very excited with this development which clearly signifies the Company’s serious intent to continuously progress and grow. This growth will definitely benefit the Company, the shareholders and particularly the employees especially, as the new plant in Turkey will be, more or less similar to our existing plant, where all of our employees’ skills, expertise and experience will be highly relevant, to be utilized and applied at the new plant. This creates an enormous opportunity for our employees to gain exposure and experience in the international arena.

This international venture is one of the growth plans that the Company is studying and implementing in the near future in bringing the Company to the next level. All of these will only be successful and achievable, after the blessing of Almighty Allah, is with your full commitment, dedication and support. Let’s focus and be prepared for a very exciting future ahead for us at Advanced.

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