Turkey's Sasa rises after establishing SASA RAFINERI for refinery and petrochemical investment

SASA Polyester Sanayi

25/08/2025 08:47

** Turkish polyester maker Sasa SASA.IS shares jump around 7% after it decides to establish new company for refinery and petrochemical investment

** Sasa, a producer of polyester fibers, filament yarns and polymers, says it resolves to establish SASA RAFINERI, with a capital of 100 million lira  ($2.44 million), to carry out its planned refinery and petrochemical facility investment in Adana/Yumurtalık

** The new company will also manage logistics, infrastructure, and ancillary production facilities, including the area designated as a Private Industrial Zone in Adana/Yumurtalık

** Brokerage Global Menkul Değerler say "We expect the impact of the development to be positive in the short term"

** Analyst Mustafa Kemal Eski from brokerage Marbaş Menkul Değerler said SASA's stock rose after the establishment of its refinery

** Eski noted the project is a key part of the region's operations, complementing Polyethylene Terephthalate (PET) and other investments, and expects it to bring significant benefits

($1 = 40.9755 liras)

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))