Polisan Kimya to Increase Resin Production Capacity by 30 Percent

Polisan Kimya, a subsidiary of Polisan Holding and a company that has set numerous firsts in Turkey's chemical sector since its foundations were laid in 1964, is entering 2022 with strong momentum. Polisan Kimya, which manufactures formaldehyde and resins and was the first company to bring this technology to Turkey, is expanding capacity in response to growing demand for particleboard, MDF and plywood resins, formica resins, glass wool and stone wool resins, and melamine, urea and phenol-based formaldehyde resins. Selçuk Denizligil, General Manager of Polisan Kimya, stated that the new factory will bring a 30 percent increase in annual production capacity, which currently stands at 150,000 tonnes. Listing Romania, Bulgaria, Italy, Greece, Kosovo, Israel, Egypt and Australia as main markets for exports, Polisan Kimya General Manager Selçuk Denizligil said: "A new phase of expansion awaits us in production and export activities. Export operations accounted for 12 percent of our revenues in the first nine months of this year, and we aim to raise this to the 20-25 percent level. We will become more active in developed country markets such as the Balkans and Europe." Pointing out that Polisan Kimya, a subsidiary of Polisan Holding, also has significant production capacity in construction chemicals, Selçuk Denizligil noted: "We hold 40 percent of the market in the formaldehyde and resins group. We are the largest producer in this product category. With the new factory, our strength in this area will increase further. We have raised our market share in construction chemicals to 20 percent. Here too, we rank among the three most important producers. We will continue to add qualified value to the sector through our sales and production activities in this field." Emphasizing that chemistry is an extremely strategic sector and serves as a key input for many industries, Selçuk Denizligil explained the sector's situation and the reasons for increasing domestic investment: "The chemical sector forms a key input for many industries. However, the production of high value-added specialty chemicals remains a challenge. This situation increases the chemical industry's share in Turkey's foreign trade deficit. Today, Turkey's chemical industry is 80 percent dependent on imports in terms of raw materials. Polisan Kimya is an expert in construction chemicals, formaldehyde and resins, and wants to move its expertise to a point where it increases production capacity to provide greater benefit to the country. New products currently account for 17.5 percent of our total sales, and we want to increase this figure. Our R&D center is working on new products to be manufactured in our new factory. We want to respond more to domestic demand and capture a larger share of exports, and we plan to achieve this through new innovative high value-added products." Listing Romania, Bulgaria, Italy, Greece, Kosovo, Israel, Egypt and Australia as countries where they export and which serve as main markets, Selçuk Denizligil said: "Polisan Kimya's export revenues accounted for 12 percent of total revenues in the first nine months of 2021. 2021 was a period in which we focused on the domestic market, while on the export side we pursued new strategies to deepen our presence in markets. Everything is progressing according to plan. Our target is to raise our exports to the 20-25 percent level in the coming years. Being active in the Balkans and European markets, that is, in developed country markets, is among our priorities."