Şişecam Group has invested US$310 million in establishing both a flat glass and an automotive glass production plant in the Republic of Tatarstan in the Russian Federation.
The two plants were officially opened with a ceremony hosted by Dr. Reha Akçakaya, Şişecam’s Flat Glass Group President.
Şişecam and Saint-Gobain hold shares of 70% and 30%, respectively in the flat glass plant, which has a production capacity of 230,000 tonnes per year.
A total of US$210 million was invested in the plant, located in the Alabuga Special Economic Zone.
The automotive glass plant, with a capacity of 800,000 tool-sets/year, is 100% owned by Şişecam Group and is also located in the Alabuga Special Economy Zone.
It was established with an investment of around US$100 million.
The flat glass and automotive glass plants, which are among the world's most-equipped plants in terms of technology, employ 653 employees.
Şişecam Group is the only global manufacturer operating in all main fields of operation of the glass industry, comprising flat glass, glassware and glass packaging.
The company made its first investment in the Russian Federation in 2002, and operates with a total of eight production plants in the country.
Şişecam Group has a total production capacity of more than 1.5 million tonnes in the fields of flat glass, glass packaging and glassware, and the Group's total investment in the Russian Federation has exceeded US$1.1 billion.