Polisan Holding Welcomes 2022 with Innovations

Polisan Holding Chief Executive Officer Mehmet Hacıkamiloğlu stated that in 2022 the group will focus on high-value-added new products in the paints and chemicals segment, while also prioritising domestic chemicals and port investments. Polisan Holding disclosed its 2021 financial results to the Public Disclosure Platform (KAP). According to the announcement, Polisan Holding closed the year with consolidated revenues of TRY 1,969 million. The holding, which operates in the paints, chemicals, port operations and real estate sectors, reported 2021 combined revenues of TRY 3,557 million. Despite global energy, raw material, supply and logistics challenges, the holding completed the year in line with expectations. Mehmet Hacıkamiloğlu noted that the Carbon Disclosure Project (CDP) Climate Change and Water Security Program rating for Polisan Holding increased to "B-" level in 2021, stating: "Through continuous improvement, we aim to raise our rating to 'A' level in the medium to long term. We will continue our support for education, culture and arts, sports and the environment to improve our people's quality of life." Polisan Holding, which operates in the chemicals, ports, real estate and paints sectors, disclosed its 2021 financial results to the Public Disclosure Platform (KAP). On the consolidated results side, which includes chemistry, port and real estate subsidiaries, the holding achieved revenues of TRY 1,969.3 million. On the combined revenues side, which includes Polisan Kansai Boya, the figure reported by the holding was TRY 3,557.8 million.

New Product Development Continuing

Polisan Holding Chief Executive Officer Mehmet Hacıkamiloğlu attributed the success achieved in 2021, when rising energy and raw material costs and supply chain and logistics disruptions affected the entire world, to operational efficiency strategies. Noting that 2022 started difficultly due to military tensions, Mehmet Hacıkamiloğlu continued: "Despite all challenges, we will continue to conduct our business processes with the principles of operational profitability and excellence. We attach great importance to our strength in the paints segment. In our Polisan Kansai Boya Research and Development Centre, which we relocated to its new building in 2021, we focused on innovation and presented to consumers Turkey's first interior paint effective against viruses and bacteria. We increased export revenues by developing products for foreign markets. We will continue to expand our position with our new multifunctional product range."

Domestic Investments in Chemicals to Take Priority

Mehmet Hacıkamiloğlu also noted that Turkey has been among the country's most important chemicals producers since 1964, stating: "There is a large gap between Turkey's chemical imports and exports. We want to contribute more to our country through more and higher-value-added product investments. For this reason, we have prioritised domestic investments, especially in chemicals. We will commission the new Industry 4.0-based factory whose foundations we laid in 2021 shortly. We will continue to deepen our presence in high-value-added phenol resin, which is a binder for stone wool used in insulation activities and is in strong demand from the furniture sector, and expand our product portfolio for different industries. In our Building Chemicals product group, we will continue to offer environmentally friendly solutions that meet customer needs and help reduce operational natural resource consumption among our value chain partners. At Polisan Hellas, our chemicals investment in Greece, we will continue to be the region's only pellet PET producer with our products and services, and will continue our strategy focused on further increasing our euro-based revenues through exports to Balkan countries."

Holding Aims to Raise CDP Rating to A Level

Mehmet Hacıkamiloğlu stated that as a holding in 2022 they will focus on high-value-added new products and value-creation oriented services, while also placing emphasis on sustainability work, outlining his targets as follows: "Due to the work we have implemented regarding sustainability policies and practices in our areas of operation, we recently raised our rating to 'B-' level in the Carbon Disclosure Project (CDP) Climate Change Program and Water Security Program. Through continuous improvement, we aim to raise our rating to 'A' level in the medium to long term. We will continue our support for education, culture and arts, sports and the environment to improve our people's quality of life."