Ravago R&D Center, will export know-how to the whole world
A petrochemical company headquartered in Belgium, Ravago continues its investments in Turkey. Its R&D center to export know-how to the whole world will be strategically important for 30 plants owned by the group. The R&D center will develop qualified and innovative raw materials for a multitude of industries from automotive to textile.
The R&D center built by Ravago Group, the world’s leading service provider in plastic, rubber and chemical materials, with a USD 3.5 million investment was opened in a 4-thousand square meter area in Kocaeli. The Belgium-headquartered Ravago Group with over 200 offices located in 50 various countries has a sales volume of 4.5 million tons. The 2nd largest Turkish petrochemical producer, Ravago Turkey accounts for over 10 percent of this volume.
“It will serve as an innovation base for technology giant countries such as the U.S., China and Russia’’
Taking the floor at the opening of the center with some information on the studies by the center, Leonardo Bellomo, R&D General Manager at Ravago Petrochemical, said: “Our R&D center, which will serve as an innovation base for technology giant countries such as the U.S., China and Russia and bring many sub-branches of the petrochemical industry together, is breaking new ground with this feature. Over 30 specialists will serve at the center. Our think-tank is comprised of 20 Turkish engineers. With the studies conducted by our 20 Turkish engineers, we will export our knowledge and experience to the whole world. Becoming operational in June, our center produced 5 distinct projects in a 5-month period.”
“We are aiming for a turnover of USD 1.2 billion with 18 percent growth”
Mehmet Turhan Onur, Chairman of Ravago Turkey and Middle East, told about new investment efforts and goals of Ravago and said, at the opening of the R&D center: “We, as Ravago Turkey, are closing this year with a turnover amounting to USD 1 billion. We are aiming to achieve a turnover of USD 1.2 billion with 18 percent growth in total from production to export during the next year. The greatest underlying reason for this achievement and growth by Ravago Turkey is the utilization of all of its earnings for new investments since the day of its establishment. Currently, Ravago Turkey has a production capacity of 280 thousand tons with its 3 plants located in a 169-thousand square meter plant area. In 2018, we will have a capacity increase for EPS, rock wool and engineering plastics. In the upcoming period, we will be completing a fully-automated production plant offering services in a 75-thousand m² indoor area thanks to the investment worth EUR 38 million in Aliağa region of Izmir for TPU capacity increase and modernization.
Stressing that they existed for the enhancement of production and growth of Turkish economy as one of the major raw materials suppliers in Turkey, Onur remarked that they initiated the industry 4.0 process with their new investments.
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