Sasa investing

The Outlook remains Negative.

Investor Relations. Investor Relations Overview. The Group is committed to fostering productive and long-term relationships with shareholders, individuals and institutions, and the investment community at large, through effective two-way communication channels. The Group strives to provide convenient communication channels for shareholders and the investment community. Sa Sa endeavours to ensure that all information published is factual and presented in a clear and balanced manner, disclosing both positive and negative information objectively, so that the investment community can make informed investment decisions. Should you need more information about Sa Sa, please feel free to email us at ir sasa.

Sasa investing

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Sasa Polyester Sanayi AS engages in the production and distribution of polyester fibers. It also offers specialty polymers, chemicals, and filament yarn. The company was founded on November 8, and is headquartered in Adana, Turkey. This browser is no longer supported at MarketWatch. For the best MarketWatch.

Sasa investing

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Asset concentration is partially mitigated by the plant's segregation into 24 production lines. As of end-March it had around TRY1. Derivation Summary Alpek, S. We believe, however, that liquidity could become tight if those lines become unavailable. Ineos is significantly larger and more diversified than Sasa. The rating also reflects Sasa's strong domestic market position as the largest Turkish polyester producer and growing vertical integration. Key Rating Drivers Decline in Margins : High and volatile raw material prices, coupled with softening demand and an oversupply, have started to reduce the margins of polyester producers from 4Q22 and we expect a bearish market for Sasa to last for most of Petkim Petrokimya Holdings A. By using our site, you agree to our use of these technologies. It is also one of the leaders in the global polystyrene and styrene monomers markets. Further polyester capacity expansion will fully utilise its future PTA capacity, and raise polymerisation capacity to 2. Recent easing of logistic constraints and competition from Asia may, however, lead to lower-than-expected utilisation of the new assets, in Fitch's view. Visit our Privacy Policy to learn more or manage your personal preferences in our Tool. High reliance on short-term funding exposes Sasa to a liquidity squeeze in the Turkish banking system and high interest rates. However, Roehm has significantly higher leverage and is exposed to cyclical end-markets.

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Sa Sa endeavours to ensure that all information published is factual and presented in a clear and balanced manner, disclosing both positive and negative information objectively, so that the investment community can make informed investment decisions. With a total capacity of 8. However, Sasa has higher leverage, weaker liquidity and is exposed to higher execution risk due to its large capex plan. Liquidity Constrained by Capex: In Sasa funded capex with high short-term debt. As of end-March it had around TRY1. Gross Profit Margin. Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. Single-Site Producer: Sasa's manufacturing facilities are concentrated in a single site in Adana, Turkiye, which exposes the company to potential disruptions to either the manufacturing process or supplies through Turkiye's largest container port Mersin. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Energy and Natural Resources. The Negative Outlook reflects weakening profitability and an expected increase in leverage in , high reliance on short-term funding for its expansion capex and expected moderate deleveraging due to continued investments in growth.