Deutsche Bank raises target price of Petkim’s shares

Baku, August 23, AZERTAC Germany’s Deutsche Bank has raised the target price of shares of Turkey’s petrochemical complex Petkim, the Bank said. Thus, the price of Petkim’s one share has increased from 4.2 to 4.6 Turkish liras. Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported. The complex includes 14 plants which produce 20 various types of products. The annual production capacity of Petkim is 3.6 million tons.