Trakya Cam and Saint-Gobain Sekurit have signed a joint venture (JV) agreement to make an investment in the production and sale of automotive glass in the Russian Federation.

Trakya Cam will initially have a 70% share in the JV, while Saint-Gobain Sekurit will initially have a 30% share.

The JV facility, which will be realised in the Alabuga Special Economic Zone in the
Republic of Tatarstan of the Russian Federation, will make a production of 800,000 car-sets, including windscreens, at full capacity.

Sisecam Flat Glass Chief Executive Officer (CEO) and Trakya Cam Chairman, Teoman Yenigün, estimates that car production in Russia is expected to reach approximately three million by 2015 and that the investment with Saint-Gobain will supply the automotive glasses and services demanded by the rapidly developing Russian automotive industry.

“This investment will enable Saint-Gobain Sekurit, one of the world’s leading automotive glass companies, to support the business growth of its customers by strengthening its manufacturing network,” says Benoît d’Iribarne, CEO of Saint-Gobain Sekurit and Saint-Gobain Glass.

Trakya Cam and Saint-Gobain had previously signed a separate JV for investment in the Alabuga Special Economic Zone for the production of high-quality flat glass, mirror and coated glasses. Both the flat glass and the automotive glass JV companies will start production in 2013.