$250 million investment from Akkok
Akkok Holding Chief Executive Officer Ahmet Dorduncu said that the company will make an investment valued at $250 million this year. The company plans to maintain its position, market share, profitability and turnover, rather than growing. Plans are more related to the cash flow, says Akkok. Working to meet targets and contribute to the Turkish economy, Dorduncu noted that he has confidence in his group, Turkey’s potential, the private sector’s capability, resilience and skills.
“This year we will make a investment valued at $ 250 million. Only in the chemical sector, we may have some growth oriented new acquisitions or mergers,” Dorduncu said. “We want to grow our chemical business to contribute to reducing Turkey’s current account deficit to some extent.”
Stating the company places great importance on energy investments, Dorduncu pointed out Akkok Holding’s 50 percent stake at Akenerji, in partnership with the Czech energy company CEZ. Akenerji has an annual capacity of around 1250-1300 megawatts, said Dorduncu.