Sisecam posts strong financial results for first half of 2021

Şişecam’s 2021 first half-year consolidated net sales totalled TRY 13 billion (US $1.5 billion) with international sales – comprised of exports from Turkey and sales from non-Turkey facilities – accounting for 64% of its total revenue.

In its first financial report of 2021, the company also reported that the company's capital expenditure was at TRY 838 million (US $97 million), while exports reached TRY 2.8 billion (US $327 million) in the first half of the year.

These results mean that Şişecam achieved a performance that exceeded the same period of the previous year and in 2019.

During this time, Şişecam produced 2.7 million tonnes of glass, 1.2 million tonnes of soda and 2.5 million tonnes of industrial raw materials.

In his statement on the financial results, Şişecam CEO Görkem Elverici indicated that Şişecam created sustainable value for its entire ecosystem in the first half of 2021, a time when global pandemic-rooted extraordinary conditions sustained and in a climate marked by ongoing uncertainty.

He said: "With consolidated net sales totalling TRY 13 billion in the first half of the year, we further contributed to the macro economy and the growth of anchor industries to which we provide input with our products, investments, and employment opportunities.

“Şişecam successfully reached its ambitious targets in the first half of the year thanks to its robust corporate governance capabilities and agile practices.

“We will continue to conduct our business activities by leveraging our robust competencies and agility.

“At Şişecam, we aim to create value for all our stakeholders by modifying our business processes and plans as needed in the coming period, for which the extent of the impact of the global pandemic remains uncertain.”

He added: "Despite the climate of uncertainty and extraordinary conditions created by the global pandemic, we continued our investments without interruption in line with our priority to meet our customers’ glass demand and to create value for the economies.

“In the coming period, we aim to create sustainable value for our stakeholders while expanding Şişecam's global footprint with strategic moves we will make in the right areas by continuing our investments with the same approach.”