This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El grupo químico La Seda de Barcelona compra la compañía turca Advansa
The chemical group La Seda Barcelona bought the Turkish company Advansa
25/07/2006
on July 25, 2006
According to the Spanish Institute of foreign trade, ICEX, the Board of Directors of the chemical group La Seda Barcelona has approved the purchase of the Turkish company Advansa for € 320 million. As published by the Turkish Turkish Markets Daily Bulletin, through this operation the Spanish company acquired factories for production of PET plastic from Advansa, which belongs to the powerful Turkish Sabanci Holding group.
So, the silk then becomes the European leader in the manufacture of this type of plastic, with a production capacity of 800,000 tonnes of PET and some sales exceeding € 1.2 billion. ADVANSA has two factories in Turkey, one in Romania and two in Great Britain. The PET is used to manufacture containers, mainly for the food and beverage sector.
