Baalbaki Group acquires Turkish Depur Kimya as part of its expansion plan
Baalbaki Group, a System House providing quality Polyurethane raw materials and specialty chemicals, expands its plans to include assets of the Turkish Depur Kimya in its most recent acquisition.
"We have created a Turkish subsidiary, BCI Baalbaki Kimya Sanayi ve Ticaret A.S., and started selling polyurethane systems as well as providing comprehensive technical service to our clients in Turkey," announced Hassan Baalbaki, the group's Managing Director. "This subsidiary will start up its own production facilities in 2011."
Baalbaki Group is already present in many countries in the region with offices and factories in Syria, UAE, Egypt and Lebanon, and over 800 employees.
Their core industrial activities are focused on the polyurethane raw material, construction, insulation, and packaging material industries. They are also involved in commercial activities which are mainly focused on the RHVAC (Refrigeration, Heating, Ventilation, and Air-conditioning) and automotive industries.
The group has also expanded into other industries such as real estate and is involved in many developments and renovation projects, as well as investments in commercial real estate.
"Throughout our 50 years of existence, we have remained loyal to our founder's diversification strategy and have thus maintained a real estate and investment arm," said Baalbaki. "This arm specializes in the development of commercial, industrial, and agricultural real estate projects as well as the management of an investment fund with an emphasis on financial institutions."
Baalbaki Group's building blocks to success are found in their three fundamental core values. "A drive for investment in long lasting partnerships and relationships with our customers, suppliers, service providers and employees, is instrumental to our continuous success," explained Baalbaki. "As well as a solid commitment to a zero leverage financial strategy, and a passion for an entrepreneurial hands-on approach to development of new projects and investments."
The group's logo is a turtle which exemplifies their prudence and conservative entrepreneurship. This also goes hand in hand with their well-earned slogan of "Baalbaki, a partner for life".