ŞİŞECAM WILL INVEST 114 MILLION DOLLARS
IN THREE NEW COATED GLASS LINES
Şişecam plans to invest 114 million dollars in three new coated glass lines. These cutting-edge lines, boasting a collective capacity of nearly 20 million square meters, will be located in Turkey, Italy and Bulgaria.
Şişecam, a global player in the fields of glass and chemicals, has announced its decision to invest 114 million dollars in three new coated glass lines. These cutting-edge lines with a total capacity of almost 20 million square meters will be located in Turkey, Italy, and Bulgaria. Through these investments, Şişecam seeks to address the rising demand for coated glass within the flat glass sector. The Company aims to bolster its competitiveness by enhancing operational efficiency and diversifying its product range. Additionally, Şişecam aims to elevate the proportion of value-added products in its total production.
As part of the investments planned to commence operations in 2025, Şişecam will invest in a coated glass line with an annual capacity of 7 million square meters at its flat glass production facility under construction in Tarsus. Additionally, the Company will invest in a coated glass line with an annual capacity of 6.5 million square meters at its flat glass facility in Northern Italy. Şişecam will also invest in a line with an annual capacity of 6 million square meters at its flat glass facility in Bulgaria. These investments, totaling 114 million dollars including working capital requirements, will bring the total number of Şişecam's glass coating lines to seven worldwide. The objective is to elevate Şişecam's existing coated glass capacity, currently around 22 million square meters based on an average product mix across four different lines, to approximately 42 million square meters through these strategic investments.
Prof. Dr. Ahmet Kırman, Şişecam's Chairman and Executive Member of the Board of Directors commented on the new investment decision, saying: "Each strategic investment we undertake enhances our ability to grow and progress. Our most recent decision, aimed at addressing the rising demand for coated glass within the flat glass sector, marks a significant milestone. This initiative will almost double Şişecam's production capacity for coated glass. While strengthening our leadership in the architectural glass market in Turkey, it will also facilitate our access to a broader customer base globally with higher competitiveness. These investments will elevate the share of high-value products within our total production volume and augment our product portfolio. Additionally, the investments will facilitate Şişecam in achieving a more flexible management of its supply chain, leading to heightened operational efficiency."
About Şişecam
Şişecam was founded in 1935 to establish Turkey's glass industry in line with the vision of Mustafa Kemal Atatürk, a great leader respected worldwide. Today, Şişecam is a major global player in the fields of glass and chemicals. Şişecam is the only global company operating in all core areas of glass production – including flat glass, glassware, glass packaging and glass fiber. Currently, Şişecam ranks among the world's top two manufacturers of glassware and the top five producers of glass packaging and flat glass. Şişecam is one of the three largest soda producers in the world and the world leader in chromium chemicals.
Şişecam plays a leading role in the flat glass, glassware, glass packaging, chemicals, automotive, glass fiber, mining, energy, and recycling business lines. Şişecam operates production facilities in Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia-Herzegovina, Russian Federation, Georgia, Ukraine, Egypt, India, and the USA in addition to Türkiye.
Şişecam is taking major steps towards its goal of becoming one of the world's top three manufacturers in its main fields of activity. Driven forward by its highly competent human resources and smart technologies, Şişecam is continuously transforming its digital infrastructure and corporate culture taking into account the needs of the future. With 88 years of experience and more than 25,000 employees, Şişecam conducts production activities in 14 countries on four continents and operates a sales network in more than 150 countries worldwide. Şişecam is moving forward on its growth journey powered by an inclusive approach that supports the development of its entire ecosystem. Şişecam takes responsibility for protecting the planet, empowering society and transforming life with its CareforNext strategy, which is compliant with and centered around the United Nations Sustainable Development Goals. Şişecam uses all its experience and competencies to promote sustainable development in every aspect.
www.sisecam.com.tr/en
