A large business enterprise at the stock exchange. Competitiveness of the Chemical Corporation TVK (Tiszai Vegyi Kombinát)

Abstract

The study gives a review of the petrochemical industry. It analyses the factors of the TVK competitiveness. The competitiveness of the corporation meets the world standard on the basis of its leading technology, the high quality of its products, its cost structure, and the vertically integrated structure. The study gives details about the risk factors as weil. Because the TVK is export oriented corporation the main risk factor is the ethylene price in the world market. One other risk factor is the size of the Olefin Plant, the other is the possibilities of the ethylene import. The study underlines that the further investments in the industry - if it is necessary - require substantial capital and take a long time.