Sisecam Glass Group posted revenues and gross profit increase 18% and 11% respectively in Q1 2018, while capital expenditures rose 73%.
Exports of $190M in 1Q 2018 to 150 countries, Italy no.1 with 14% share.
Key events :
Completion of cold repair in glass packaging Mersin plant
Paşabahce acquisition of Pearl Glass Group in Egypt for $50M
150K ton/year capacity furnace investment in Eskişehir glass packaging plant
Acquisition of 2nd Sangalli flat glass plant in Manfredonia Italy for Eur 14M following Porto Nogaro site last year
Pasabahce flagstore in Milano has celebrated its 3rd anniversary at Milano Design Week
The European and Asian sides of Istanbul have been connected for the first time with a railway tunnel constructed under the Bosphorus, officially opened on Oct. 29, the 90th anniversary of the foundation of the Turkish Republic.
Introducing Kuban factory, now open for export to Europe.The plant is located few miles away from the port of Novorossiyysk on the Black Sea, easy doorway to Mediterranean though the Bosphorus.