Chemical Industry

Chemical industry provides vital support and significant amounts of input to many other industries, such as glass, textile, food and paper products. Turkish Chemical Industry is considerable in size bringing in almost 13 percent of total foreign capital in the country through over 300 companies with foreign investment.

Turkey has competitive advantages as one of the main producers of soda ash, chrome and boron in the world. The primary products exported by the Turkish chemical industry mainly include petrochemicals, fertilizers, pharmaceuticals, synthetic fiber and strings, soap and detergent, as well as paints.

Through our assistance for chemical companies, we developed a deep understanding of the assurance, business and tax issues facing the sector. With the global economy lacking recovery in certain regions and bringing surprising markets to emerge, trading resources internationally and therefore considering complex deals across the globe is inevitable.

ICS and our alliance with Alliott Global Alliance is strategically positioned to help clients with the timing and allocation of capital investments and to navigate changing global conditions around export controls.