Polisan Holding CEO Mehmet Hacikamiloglu said, “Our combined investment amount, which we have realized with a growth focus in the last 5 years, has reached ₺763 million.”
Polisan Holding’s consolidated net profit increased by 482.9% last year to ₺1.6 billion, while its combined net profit increased by 604.9% to ₺2.2 billion.
According to the statement made by the Holding, Polisan Holding’s consolidated revenue increased by 113% last year to ₺4.2 billion compared to 2021, and its combined revenues increased by 102% to ₺7.2 billion.
Polisan Holding’s consolidated net profit increased by 482.9% to ₺1.6 billion, while its combined net profit increased by 604.9% to ₺2.2 billion.
In the statement, Polisan Holding CEO Mehmet Hacikamiloglu stated that they continue to manage their operations within the framework of a strict financial discipline in the shadow of high inflation and recession threatening the world economy in 2022.
Stating that the planning created by the group companies for the needs of the working capital and their indebtedness allows for more controlled progress, Hacikamiloglu said, “Despite the problems and uncertainties experienced in the global, we remained faithful to our investment calendar and made a combined investment expenditure of ₺378 million. Our combined investment amount, which we have realized with a growth focus in the last 5 years, has reached ₺763 million.”
Stating that Polisan Chemistry will start to produce products with high added value for export in its new resin factory, Hacikamiloglu also stated that they will start investing in novalak resin.
Stating that they will increase the number of R&D centers they have to 3, Hacikamiloglu said:
‘Polisan Chemistry and Polisan Kansai Paint have their own R&D centers. Thanks to these two centers, our competitiveness in the domestic and international markets is increasing day by day. We want to open an R&D Center within our company Polisan Yapikim. 27 of our products in the categories of concrete, cement and underground chemicals are certified with international Environmental Product Declarations, namely EPD. We are one of the important material producers of green building projects and we want to open our R&D center rapidly to increase our power here. Thus, we will be able to deepen and accelerate our work on new environmentally friendly products specific to customer needs, contributing to the reduction of operational natural resource consumption of our value chain stakeholders.’
‘We will start investing in recycled PET in Greece’
Stating that the preform mold investment works at Polisan Hellas factories have been completed, Hacikamiloglu stated that they will start investing in recycled PET in Greece.
Stating that they expect Polisan Hellas, the only granular pet producer in the Balkans, to diversify its customer portfolio with these new investments, Hacikamiloglu also gave information about the new tanks aimed at increasing the storage capacity on the liquid cargo side at Poliport, the port investments in the Kocaeli Bay region.
Stating that the storage capacity will increase to 291 thousand 600 cubic meters in March 2023 with the new tanks, Hacikamiloglu noted that the filling capacity they want to reach in the medium-long term will be 436 thousand cubic meters.
Source: AA / Prepared by Irem Yildiz