Recent Developments in the Chemical Industry

April 14, 2020

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NEWS

Brand Finance's "MIDDLE EAST 50" 2020 Report Has Been Published.

Key takeaways from the report revealing the most valuable Middle Eastern brands include: Saudi Aramco, which entered the market with its 2019 IPO, tops the list with a brand value of US$46.8 billion. ADNOC has grown by % 29 since last year, increasing its brand value to US$11.4 billion. Etisalat's AAA Brand Rating and digital technologies provide strong resilience to withstand the COVID-19 storms. Of the top 50 Middle Eastern brands, 20 are from Saudi Arabia and 17 are from the United Arab Emirates. 21 Middle Eastern banking brands dominate the ranking. In its new COVID-19 analysis, Brand Finance categorizes the levels of business impact from the Coronavirus as limited impact, moderate impact, and worst-case scenario.

Within the scope of the Production Mobilization, 1 Million Masks and 100 Thousand Liters of Disinfectant were Produced.

Within the scope of the Production Mobilization initiated under the leadership of TİM (Turkish Exporters Association), 1 million masks and 100,000 liters of disinfectant were produced to meet the needs of public hospitals. In this context, the Istanbul Chemical Materials and Products Exporters Association (İKMİB) delivered 100,000 liters of disinfectant.
Adil Pelister, Chairman of the Board of Directors of IKMIB (Istanbul Chemicals and Chemical Products Exporters Association), stated that the chemical industry, which touches every aspect of life, plays a vital role in the fight against the COVID-19 pandemic. In his statement, he said: “During this difficult period that our country is going through, as IKMIB, the association of the chemical industry, which is Türkiye's second largest exporting sector, we have undertaken another patriotic duty as required by our responsibility, acting with the understanding of "HEALTH FIRST".

Chemical Sector Export Figures for March Announced

According to data from the Istanbul Chemical Materials and Products Exporters Association (İKMİB), chemical sector exports reached $1.557 billion in March 2020. While chemical exports decreased by 15.6% compared to March of last year, they increased by 3% compared to February of this year. The sector's three-month exports reached $4.771 billion. The country with the highest export volume in March was the Netherlands, with $104.999 million. The USA followed in second place with $83.255 million, while Germany was third with $79.230 million.

The global pharmaceutical industry is approaching $1.5 trillion.

In our 'Sectoral Outlook 2020 – Pharmaceuticals Report' prepared by KPMG Turkey, we evaluated the sector's performance in 2019 and expectations for 2020. To summarize the key findings of the report: the global pharmaceutical sector continues to grow with constantly increasing demand. Last year, the sector grew by 4% compared to 2018, reaching a size of $1.3 trillion. It is expected to exceed $1.5 trillion between 2020-2023 with a growth rate of 4.5%. The pharmaceutical sector in Türkiye achieved its fastest growth rate in the last four years in 2019, with approximately 30%.

INTERVIEWS

We conducted an interview with Aslı Yazıcıoğlu from the Aromatherapy Association.

We spoke with Ms. Aslı Yazıcıoğlu, President of the Aromatherapy Association, about the association's founding purpose and activities.

We conducted an interview with Ayhan Güler, General Manager of Safic Alcan.

In our interview with Mr. Ayhan Güler, General Manager of Safic Alcan Türkiye, we discussed the company's areas of activity and...

Managing Anxiety Related to COVID-19 with Psychologist Mustafa Özbilici

The fear and anxiety related to the coronavirus (Covid-19) pandemic are negatively affecting individuals and

University-Industry Collaboration in the Paint and Coating Sector

Our country's development and progress towards its 2023 goals depend on increasing production and exports. In the manufacturing industry, quality products, product diversity, and innovative and cost-reducing alternative solutions are of great importance, especially for the paint and coatings sector.

Advances in Polymer Materials in Additive Manufacturing Technology

Additive manufacturing is a production technique that creates 3D geometries by layering materials together, applying the principle of additive design. Other terms used to describe additive manufacturing include direct digital manufacturing, freeform manufacturing, rapid prototyping, and layered additive manufacturing.