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Representatives from Koksan inspect Yangkou Port in preparation for the company's green polyester project. [Photo/WeChat account: rudongfb]

Koksan, a leading Turkish green packaging enterprise in Central and West Asia, has decided to build its $710 million green polyester project at Yangkou Port. It took just 21 days from initial discussions to the signing of the project agreement.

This marks Koksan's first investment in China and one of the largest Turkish industrial investments in the country. Once operational, the project is expected to achieve an annual production capacity of 2.2 million metric tons and annual sales of $2.1 billion, while generating $52 million in annual tax revenue.

Yangkou Port's robust multimodal transportation network, ample green energy resources, and strong financial support were key factors that attracted Koksan. The group, which has stringent requirements for industrial integration, found Yangkou Port's well-established industrial base to be an ideal foundation for sustainable development.

The project will leverage raw materials from Tongkun Group's polyester integration project at Yangkou Port and source materials from local enterprises such as Sinopec through the inland and bulk cargo terminals. Ethylene glycol, a key raw material, will be transported via Yangkou Port's dedicated unloading berths and storage facilities, reducing costs and creating a highly integrated industrial chain with the port and surrounding regions.

Murat Kokoglu, CEO of Koksan, highlighted Yangkou Port's exceptional business environment as another decisive factor. "The level of support we've experienced here is unparalleled," Kokoglu noted. "The team at Yangkou Port Economic Development Zone demonstrated genuine care for our needs, proactively mobilizing resources and building platforms to address challenges."