News

One of Turkey's first paraffin manufacturers, Mercan Kimya, launched its IPO process with the approval of the Capital Markets Board. Demand for Mercan Kimya, which produces paraffin, paraffin emulsions, hydrowax and vaseline for more than 20 industries will be collected for a nominal value of 20 million Turkish lira on 20-21 May. Stating that all of the funds will be used to strengthen companies, Gültekin Okay Salgar, the Chairman of Mercan Kimya, added, "We decided to go public in order to have a stronger position in the global market, boost our competitiveness, become one of the chemical leaders of Europe and to inspire Anatolian industrialists."