Şişecam reported a 9% increase in glass product sales in 2024 compared to the year before.
The company met with its shareholders at its 89th Annual General Assembly to present its financial and operational results for 2024.
Şişecam CEO Görkem Elverici reflected on the challenging economic environment of 2024.
He outlined global economic fluctuations, inflationary pressures, high interest rates, tight monetary policies, volatile energy prices, and geopolitical tensions.
Other topics included the low growth in China, delayed recovery from Europe's energy crisis, and election issues, particularly in the US.
Mr Elverici also addressed the challenges specific to Türkiye, where high inflation and the appreciation of the Turkish lira negatively impacted the financial results of international companies.
Despite these difficulties, Şişecam achieved growth in its glass business lines.
The total volume of glass production increased by 8% compared to 2023, while glass product sales grew by 9% in volume year-on-year.
Soda ash sales also remained stable compared to the previous year.
Mr Elverici said: “Despite the challenges in the overall economic environment, Şişecam was one of the few companies that closed 2024 with a net profit, among industrial companies with significant export shares and international operations managed from a Türkiye-based model.”
Moving forward, he said the company would strengthen its financial structure.
“We are confident that Şişecam, with its innovation and adaptability, has the potential to turn this volatile economic environment into an opportunity.
“We are rapidly and decisively implementing extraordinary measures to restore our financial performance to its previous levels.”
