The Turkish-US Chamber of Commerce (www.turkishuschamber.org) reports that Ravago Petrokimya, the Turkish subsidiary of Belgian compounder and distributor Ravago (Arendonk; www.ravago.com), has purchased the PU system house operated by Tekpol (Istanbul / Turkey; www.tekpol.com.tr) for about EUR 36m. Ravago operates eight plants and offices across Turkey – a country that accounts for about 10% of total group sales of EUR 7.5 bn.

Specialised in the production of PU/TPU, Tekpol had commissioned the centrally-located systems house only last year. The company turns out more than 400 different PU grades, with overall capacity for 20,000 t/y of base polyols, 24,000 t/y of prepolymers as well as 6,000 t/y of TPU.

Ravago also announced that, together with holding companies HBG Petrochemical Holdings and Mackeen Age Investment, it plans to invest USD 100m in a new compounding plant in Al Jubail / Saudi Arabia. The three companies have already set up the relevant joint venture, Ravago Middle East.