Turkey’s Şişecam Group reported consolidated net sales of TL 6.9 billion ($2.52bn), up 15% compared to the previous year.
In 2014, the group produced 4.2 million tons of glass, 2.1 million tons of soda and 4 million tons of industrial raw materials.
It had a net profit of TL420 million ($153.8 million) and an EBITDA volume of TL 1.4 billion ($512.9 million) for the year ended December 31, 2014,
Vice Chairman and Chief Executive Officer, Prof. Dr. Ahmet Kırman (pictured) said: "In 2014, Sisecam, a group with manufacturing activities in 13 countries in three continents and sales in 150 countries all around the world, achieved a significant increase in its international sales in addition to its domestic sales in Turkey.
“The share of international sales, which represent the exports from Turkey and the sales from overseas production, in total sales reached 52%. In this regard, the exports of the Şişecam Group from Turkey were USD837 million in 2014."
He added the group invested TL1.2 billion in 2014 ($439.6 million). The group also took key steps to improve the partnerships and acquisitions achieved by the group in 2013 in various geographical areas.
Sisecam Group is a global actor in all main areas of glass including flat glass, glassware, glass packaging and fiberglass, as well as soda and chrome compounds.
Sisecam is the 2nd largest glassware, 3rd largest flat glass and 4th largest glass packaging manufacturer in Europe in terms of production capacity and has manufacturing activities in Turkey, Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia-Herzegovina, Russia, Georgia, Ukraine, Egypt and India.