Turkey’s largest glass manufacturer Sisecam reported net sales of TRY58
billion ($2.9 billion) in the first half of the year.
International sales – comprising the total of exports made from Türkiye
and sales from out of Türkiye production – accounted for 64% of its
consolidated sales.
Its total investment in the first half of the year was TRY 7.1 billion (US$357 million).
Exports were US$560 million. In the first half of the year Sisecam produced 2.5 million tons of glass, 2.3 million tons of soda ash, and 1.8 million tons of industrial raw materials.
CEO Görkem Elverici said: "While the business world
continues to struggle with ongoing economic and geopolitical risks on a global
scale, Sisecam is forging ahead on its growth journey.
“We are driven by our ability to adapt swiftly to an ever-evolving market environment along with our transformation efforts and data-driven decision-making approach.
"Sisecam differentiates from the competition with its use of smart technology and its highly skilled human resources.
“We move forward on our development journey with promising investments that support our goal of ranking among the world's top manufacturers in our core business areas.”
Among its investments in the first half of the year was the completion
of cold repairs on its second glass packaging furnace in Georgia with a €20 million
investment that also equipped the furnace with new technologies.
The furnace, which was fired in June, expanded glass production capacity by 25%.
Its 75,000-ton annual capacity and technology capabilities are aimed at responding more quickly to the glass packaging demands of Georgia and neighbouring countries.
