228 Million Euro Sustainable Investment Move From Şişecam

Prof. Dr. Ahmet Kırman Sisecam Chairman and Board Member

ŞİŞECAM closes out 2022 with strategic investments

Turkiye Bottle and Glass Factory AS (IST:SISE)

ISTANBUL, TURKEY, December 20, 2022 /EINPresswire.com/ — Şişecam will increase Mersin’s ground glass furnace investment capacity from 180,000 to 244,000 tons per year. The company also plans to increase the annual capacity of its energy glass processing line from 20 million square meters to 26.6 million square meters. The move not only supports Sishekam’s leading position in Turkey’s energy glass industry, but also strengthens its strong position in the global glass industry.

Dr. Ahmet Kırman, Chairman and Executive Director of Şişecam, said of the move to increase the total investment in the two projects to €228 million, including working capital requirements.
“While the cost of energy is rising, the falling cost of generating electricity from solar energy and the focus on sustainability in the global arena creates new opportunities for the frosted and energy glass industry. By the end of 2024, the frosted glass capacity installed in Sishekam will reach 324,000 tonnes per year, which is in line with our sustainable value-added production strategy.”

Dr. Ahmet Kırman said the global solar energy sector will reach 710 GW in 2020, up from 40 GW in 2010. By 2030 he will quadruple to over 3,000 GW. The US, which currently supplies 3% of its energy needs from solar energy, aims to increase this ratio to 40% by 2030 and 45% by 2050. This transformation will also accelerate industry initiatives to convert energy consumption into green energy sources. and to limit their carbon footprint. More and more companies are putting renewable energy investments on their agenda. We believe this investment will boost the development of Turkey’s fast-growing solar energy sector. ”

About Shishekam

Sishekam was founded in 1935 to establish the Turkish glass industry in line with the vision of Mustafa Kemal Ataturk, founder of the Turkish Republic. Today, Sishekam is a strong global player in the fields of glass and chemistry. Şişecam is the only global company operating in all major areas of glass production, including flat glass, glassware, glass packaging and fiberglass. Today, Sishekam ranks among the world’s top 2 manufacturers of glass products and among the top 5 manufacturers of glass packaging and flat glass. Şişecam is one of the world’s three largest soda producers and a global leader in chromium chemicals.

Şişecam plays a leading role in the business areas of Flat Glass, Glassware, Glass Packaging, Chemicals, Automotive, Fiberglass, Mining, Energy and Recycling. In addition to Turkey, Sishekam operates production facilities in Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia and Herzegovina, Russian Federation, Georgia, Ukraine, Egypt, India, and the United States.

Şişecam is taking a big step towards its goal of becoming one of the top 3 manufacturers in the world in its main areas of activity. Powered by talented people and smart his technology, Shishekam is continuously transforming its digital infrastructure and company culture, considering future needs. With 87 years of experience and 22,000 employees, Sishekam operates in 14 countries on four continents and operates a sales network in over 150 countries worldwide. Sishekam is on a growth journey aligned with its Global Excellence Strategy, powered by a holistic approach that supports the development of the entire ecosystem. Sishekam is committed to protecting the planet, empowering societies and transforming lives through its CareforNext strategy, aligned with and centered around the United Nations Sustainable Development Goals. Sishekam uses all its experience and competencies to promote sustainable development in all aspects.

Aisegur Akyari
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