** Turkish polyester maker Sasa BIST:SASA shares jump around 7% after it decides to establish new company for refinery and petrochemical investment
** Sasa, a producer of polyester fibers, filament yarns and polymers, says it resolves to establish SASA RAFINERI, with a capital of 100 million lira ($2.44 million), to carry out its planned refinery and petrochemical facility investment in Adana/Yumurtalık
** The new company will also manage logistics, infrastructure, and ancillary production facilities, including the area designated as a Private Industrial Zone in Adana/Yumurtalık
** Brokerage Global Menkul Değerler say "We expect the impact of the development to be positive in the short term"
** Analyst Mustafa Kemal Eski from brokerage Marbaş Menkul Değerler said SASA's stock rose after the establishment of its refinery
** Eski noted the project is a key part of the region's operations, complementing Polyethylene Terephthalate (PET) and other investments, and expects it to bring significant benefits
($1 = 40.9755 liras)