BETA Kimya Adds a New Investment to Its Industrial Portfolio

BETA Kimya A.Ş. adds another high-value industrial investment to its portfolio. The BETA KİMYA GEBKİM KAMPÜSÜ, which has been completed and commenced operations with a TRY 1.7 billion investment in the Kocaeli Gebze V (Chemistry) Specialised Organised Industrial Zone, will be the largest adhesive and sealant production facility in the Middle East and Eastern Europe, with 35,000 m² of enclosed factory space built on 50,000 m². The BETA KİMYA GEBKİM KAMPÜSÜ, which will serve as a production hub for over 200 products in 10 different categories with an annual production capacity of 150,000 tons, will for the first time produce high-value-added PUR Hotmelt adhesives together with silane-terminated polyurethane adhesives and filling products domestically and domestically in Turkey. The opening ceremony of the BETA KİMYA GEBKİM KAMPÜSÜ, attended by Minister of Industry and Technology Mehmet Fatih Kacır, Chairman of the Grand National Assembly Commerce, Energy, Natural Resources, Information and Technology Commission Mustafa Varank, Kocaeli Governor Seddar Yavuz, Kocaeli Metropolitan Mayor Assoc. Prof. Dr. Tahir Büyükakın, BETA Kimya A.Ş. Board Chairman and İKMİB Chairman Adil Pelister, TİM Chairman Mustafa Gültepe and GEBKİM Chairman Vefa İbrahim Aracı, brought together leading figures in the Turkish chemical sector and business representatives.

Speaking at the opening ceremony of the BETA KİMYA GEBKİM KAMPÜSÜ, Minister of Industry and Technology Mehmet Fatih Kacır made the following remarks:

"Since 2012, in the chemical sector, our Ministry has issued investment incentive certificates for more than 1,700 investments with a fixed investment amount of approximately TRY 450 billion. With these investments, we have opened the way for employment of more than 50,000 people. The BETA KİMYA GEBKİM KAMPÜSÜ is one of the investments to which we have contributed through the investment incentive system. The BETA Kimya GEBKİM Kampüsü, whose opening we are conducting today, will be the production hub for over 200 products that are the building blocks of many sectors in 10 different categories. With this new production facility, we will also procure an important input for strategic sectors such as Togg, one of our country's historical projects, and defence and aviation from within the country. The BETA KİMYA GEBKİM KAMPÜSÜ, with an investment value of TRY 1.7 billion and 35,000 m² of enclosed area, will be the largest adhesive and sealant facility in the Middle East and Eastern Europe, and will provide employment for 500 people. The high-value-added products produced in this facility will reach 150 countries across 5 continents in the world. Our campus will contribute to the green transformation of our economy with an environmentally conscious production approach. I heartily congratulate the Beta Kimya family, which has added value to the Turkish chemical sector with their efforts for 36 years, and BETA KIMYA A.Ş. Board Chairman and İKMİB Chairman Mr Adil Pelister for their valuable and visionary investments."

Varank: "BETA KİMYA GEBKİM KAMPÜSÜ will be a source of pride with achievements that swell our chests"

Chairman of the Grand National Assembly Industry, Commerce, Energy, Natural Resources, Information and Technology Commission Mustafa Varank said, "Being present at the groundbreaking and opening ceremonies of our distinguished factories, which are the engines of production, employment and exports throughout our country, makes us extremely happy. The BETA KİMYA GEBKİM KAMPÜSÜ, which came to life with an investment of TRY 1.7 billion, will create new employment opportunities for our citizens and our country. We are not slowing down on production and investment to strengthen Turkey's strength in every field. The BETA KİMYA GEBKİM KAMPÜSÜ, whose foundation we laid together in 2020 and whose opening we jointly conducted today, will sign achievements that swell our chests as the largest adhesive and sealant production facility in the Middle East and Eastern Europe. We will continue to grow by keeping Turkey on its path of production, investment, employment and exports. I once again congratulate the entire BETA Kimya family, particularly Mr Adil Pelister, for the benefits this rare production facility has brought to our country, and express my appreciation to them."

Pelister: "With the next-generation products that will come out of our BETA KİMYA GEBKİM KAMPÜSÜ, we will pioneer new achievements"

BETA Kimya A.Ş. Board Chairman Adil Pelister, expressing that the new production facilities are a product of their vision to create high value-added, stated, "As BETA Kimya, investment, production and growth have always been our priority. Today, we are experiencing justified pride in putting into operation an important investment that will add value to the Turkish chemical sector and the national economy, and will be a milestone for our BETA Kimya family. We laid the foundation of our new production facility with great courage under the challenging conditions of the Covid-19 Pandemic, both economically and humanely. Fortunately, with material and moral sacrifices, we have provided our country's industry and chemical sector with another modern production facility. Our new production hub, the BETA KİMYA GEBKİM KAMPÜSÜ, which we are proud of with 100% domestic and equity ownership and an investment value of approximately TRY 1.7 billion, will be the largest adhesive and sealant production facility in the Middle East and Eastern Europe. It will increase our production capacity five-fold, and with our annual production capacity of 150,000 tons, we will take a step further into 5 new product groups of high added value, pioneering new next-generation products for many sectors of strategic importance, from automotive to packaging, from aviation to defence industry. We will experience the pride of producing for the first time in Turkey, in addition to PUR Hotmelt adhesives that our country has long been importing from abroad, silane-terminated polyurethane adhesives and filling products. I would like to express my thanks to our Ministry of Industry and Technology in particular, as well as our relevant Ministries and public institutions for their valuable support. I wish our BETA KİMYA GEBKİM KAMPÜSÜ to be auspicious for our country, our company, our chemical sector and our industry." he said.