Turkish glass manufacturer Sisecam is to invest €255 million ($310 million) to build a new glass packaging factory in Kaposvár, Hungary.

The facility will be built with two furnaces and will have an annual net production capacity of 330,000 tonnes, according to a recent statement sent to Turkey's Public Disclosure Platform (KAP).

The first furnace will start operating in 2023, and the facility will reach full capacity by 2025.

Chairman Prof. Dr. Ahmet Kirman said Europe offers great opportunities for rapid development of the glass manufacturing sector and Sisecam. "The investment will meet the increasing glass packaging demand in Hungary and (other countries in) Europe," he said.

Prof. Dr. Ahmet Kırman stated that Şişecam carries out all its activities in accordance with its sustainability strategy: “In line with our sustainability approach, we have taken furnace efficiency, carbon footprint, recycling, and circular economy at the core of our operations while planning our glass packaging investment in Hungary."

The facility will rely on advanced applications of glass melting technology, he added.

Electrical melting technology will also be used to minimise the carbon footprint of the project.

The facility will use industry 4.0 applications and the entire operation will be carried out with the perspective of resource efficiency and natural resources protection, he said.