The Domestic Chemical Market Grows Through Cooperation and Investment

Local Chemical Market Growing Through Collaboration and Investment As chemical industry products, a key component of the global economy, approach approximately 4 trillion dollars in revenue, the local chemical market continues to grow through new collaborations and investments. Most recently, Turkey's innovation champion in the sector is accelerating its strategic efforts, backed by the momentum of new investments. Activity is increasing in the chemical industry, an important part of the global economy and supply chain. According to data published by Statista on the subject, global chemical products are approaching approximately 4 trillion dollars in revenue, while the local chemical market continues to grow through new collaborations and investments. Most recently, Soil-ID, which develops innovative products in the chemical industry, signed a new partnership following becoming the innovation champion at the İnovaLİG Competition organized by the Ministry of Industry and the Turkish Exporters Assembly. Soil Kimya Sanayi ve Ticaret Anonim Şirketi, for which Avrupa Yatırım Holding A.Ş. decided to acquire a stake, has accelerated its innovative work backed by the momentum of the new investment.

Becoming an Intellectual Capital Investment Tool for High-Potential Companies

The company made the following statement to the Public Disclosure Platform (KAP): "In line with the policy of Avrupa Yatırım Holding A.Ş. to become a partner to high-potential companies and maximize the value of these companies by providing financial and intellectual capital, a decision was made by our board of directors on 31 March 2022 to invest in Soil Kimya Sanayi ve Ticaret Anonim Şirketi and to acquire a 100% stake."

Innovative Products Driving Chemical Industry Forward

In the statement, the following information was recorded regarding the chemical company's business model and innovative work: "Soil-ID operates in the production and application of gel injection isolation chemicals, gel injection waterproofing chemicals, polyurethane waterproofing chemicals, polyurethane floor coating chemicals, expansion joint waterproofing chemicals, polyurethane industrial adhesives, and polyurethane parquet adhesives. Soil Kimya, which has localized many raw materials, is accelerating its strategic efforts for innovative products backed by the investment received from Avrupa Yatırım Holding A.Ş."