OYAK-backed Chemson to merge with Akdeniz Kimya in a $500m deal.

OYAK-backed Chemson, a manufacturer of polymer additives, agreed to merge with Akdeniz Kimya, a chemical manufacturer in Turkey, in a $500m deal. "We consider the pandemic process as a ‘period of determination’ for OYAK. In this process, we continue to join forces to build a more efficient and competitive structure. We have become the world’s largest PVC stabilizer company by merging Akdeniz Kimya, the market leader in Turkey, with Chemson, which operates on five continents. Thanks to this new structure, we have become a company that operates in almost every geography of the world, from Europe to Africa, from America to Asia, and from the Middle East to Australia," Süleyman Savaş Erdem, OYAK General Manager.