It has been announced by Sasa Polyester AŞ in Adana that project-based government support will be provided for the product diversification and expansion investment of the PTA and polymer / chips production plant.
According to the additional decision of the President published in the current issue of the Official Gazette, the investment amount envisaged for the production plant to be supported was determined as 11.3 billion TL.
At the end of the investment period, an annual additional capacity of 1.5 million tons for PTA, 650,000 tons for polymer / chips and 1,350 additional employment, 28 of which are qualified, is anticipated. The start date of the investment was set as August 1.
Expansion investment within the scope of project-based government support; customs tax exemption, VAT exemption and return, tax reduction, 10-year insurance premium without maximum amount limit, employer support, 10-year income tax withholding support, five-year term and maximum 30 million TL qualified personnel support and up to 10 years from the date of operation, 50% of energy consumption will be provided, provided that not to exceed 50 million TL.
Bloomberght
Wednesday, November 25, 2020
