Şişecam revealed its financial results for the first three months of 2024, which included net sales of TRY 41 billion (USD 1.3 billion).
International sales – comprising the total of exports made from Türkiye and sales from foreign production – accounted for 61% of Şişecam’s total sales.
Şişecam’s total investments in the same period amounted to TRY 4.3 billion (USD 136 million) while exports totalled USD 262 million.
Şişecam produced 1.3 million tons of glass, 1.2 million tons of soda ash, and 0.87 million tons of industrial raw materials in the same period.
Investments
In 2024, Şişecam invested in three new coated glass lines with a total capacity of nearly 20 million m2 in Türkiye, Italy, and Bulgaria.
The company aims to meet the increasing demand for coated glass in the flat glass sector with this project including the ongoing construction of a flat glass facility in Tarsus, Türkiye, as well as flat glass facilities in Northern Italy and Bulgaria.
With an investment of $114 million, the new coated lines will bring Şişecam’s total number of glass coating lines to seven.
As a result of these investments, the coated glass capacity will almost double to approximately 42 million m2.
In addition, Şişecam ignited its new glass packaging furnace in Eskişehir and put its glassware furnace into operation after cold repair in the first three months.
Consequently, Şişecam said the Eskişehir Glass Packaging Facility has become the world's largest integrated glass packaging production facility with five furnaces and 24 lines all on a single site.
Şişecam has also initiated actions for the second flat glass line investment in its Egyptian joint venture, Saint Gobain Egypt SAE.
Furthermore, Şişecam will invest in 175,000 tons per year incremental capacity in its Mersin soda ash facility.
This investment, including working capital, is estimated to cost approximately $125.3 million, with the goal of commissioning it within 2026.
