As an industry that supplies intermediate goods and raw materials to many sectors, the chemical industry holds a significant place in the Turkish economy. Along with its raw materials and energy costs, it is also in constant interaction with a variety of internal and external factors such as globalization, mergers and purchasing.
The chemical industry has a very wide product range. Besides consumption goods such as cleaning products, cosmetic products and medication, it is also a sector which produces fertilizers and pesticides, organic and inorganic chemicals required by manufacturing industries, thermoplastics and so on.
As the industry is mostly dependent on export, domestic manufacturers who wish to increase their competitive power are focusing on R&D and investment projects. There are large domestic manufacturing companies that are also exporters of know-how in the industry. With its experienced and expert team, BDO offers its consultancy services to mid-level and top-level manufacturing firms in the industry for investment incentive and R&D operations assistance.
Due to the fact that deliveries are exempt from VAT in the fertilizer sector – an important sub-sector of the chemical industry – our VAT refund services are highly valued.