Sisecam Announced Its New Investment

Sisecam announced its new investment. It was learned that the new investment is worth 4 billion TL.

Şişecam announced that it will make a new investment in the opening of the production line in Ankara Polatlı. Şişecam Chairman of the Board Ahmet Kırman said that they have started two new float line investments and the total size of these investments will be over 4 billion TL. Kırman stated that they will continue to announce new investments. Kırman also said that the total investment in Polatlı has exceeded 2 billion TL. In a separate statement made to the Public Disclosure Platform, details of the new investment were also given. Accordingly, with these investments, it is aimed to increase the current annual float production capacity in Turkey by 30 percent to 2.6 million tons. The new green field investment for the architectural glass float line with a daily capacity of 1,200 tons to be realized is planned to be commissioned within 24 months in order to meet the rapidly increasing demand for flat glass. On the other hand, the line for automotive glass with a daily production capacity of 750 tons, which will be commissioned, is expected to be completed within 18 months. According to the statement, with the completion of the furnace investment for automotive glass, it is aimed to shift the Kırklareli TR1 Float line, which currently produces for auto glass, to architectural glass activity and to increase the daily production capacity to 1,000 tons during the cold repair phase of this line, which is planned to be made in 2024.

Erdogan Evaluated the Investment

Speaking at the opening of Şişecam's production line, President Recep Tayyip Erdogan said that Şişecam's investments show the importance it attaches to healthy growth. Erdogan said, "We are experiencing the excitement of opening the Şişecam Polatlı Flat Glass production facility with you. Şişecam, which started its production adventure in 1935, is one of the most prestigious brands of our country in the glass industry today."