Sisecam top glass maker plans investments to boost capacity at home and abroad

The Şişecam Group achieved sales revenues of approximately TL 5.3 billion at the end of the January-June period of 2017. In the first six months of 2017,  the  Group produced about 2.4 million tons of glass in its domestic and foreign plants .
The share of international sales, which represents the sum of exports from Turkey and sales from abroad, was approximately 58 percent. As a result of our ongoing optimization efforts  EBITDA  at the end of the first half of 2017 has reached 1.5 Billion TL.

In an interview late on Aug. 23, Sisecam CEO Ahmet Kırman told Reuters that Şişecam planned a series of investments domestically and internationally to boost competitive advantage.
"We have plans to modernize and increase the capacity of one of our glass furnaces at our glass packaging factory in Yenişehir, Kırman said. 
He added the company also planned a new furnace at factories in the northwestern province of Eskisehir and the Polatlı district in Ankara.

Last year Şişecam invested 120 million liras ($34.5 million) in the renewal of a glass container factory furnace in the southern Turkish city of Mersin.
Kırman said that Şişecam was also looking for options in Europe to increase their activity in the region by penetrating into new markets, adding that a number of countries were being evaluated.
Şişecam has production sites in Germany, Italy, Bulgaria, Romania, Slovakia, Macedonia and Bosnia and Herzegovina, and Kırman said the company was very pleased with the performance of a factory which it acquired from Italian Sangalli in 2016.
"(The) Sangalli (factory) currently has a production capacity of 220,000 tons per year and its sales performance is great. It has been a very effective point for us to enter the European market, he said.

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