With production operations spanning 14 countries across four continents and sales in over 150 countries, Şişecam achieved consolidated net sales of TRY 186 billion in 2024. During this period, international sales accounted for 59 percent of total sales, while total investments reached TRY 30 billion and exports amounted to USD 962 million.
Görkem Elverici, CEO of Şişecam, said, “The global economy navigated a complex landscape characterized by inflationary pressures, high interest rates, tight monetary policies, fluctuating energy prices, and geopolitical tensions. Low growth in China, delayed recovery from Europe’s energy crisis, and election uncertainty in many countries, especially in the USA have posed significant challenges. Another significant issue putting pressure on export-focused organizations like ours, which operate across multiple geographies, was the misalignment between exchange rates and inflation in Türkiye.
He continued, “One of Şişecam’s key moves in 2024 was becoming the sole owner of its natural soda ash investment in the US, the Pacific Project. In addition, we became the majority shareholder in our operational facility in Wyoming. Today, Şişecam ranks among the top 3 soda ash producers globally. Once the Pacific Project is completed, it will significantly strengthen our position as a leader in the industry.
We remain committed to investing in strategic priorities such as digitalization and innovative product development to achieve our growth targets. Our increased stake in the ICRON partnership will enhance our capabilities in data-driven decision-making and operational excellence. Through the ‘Plant of the Future’ platform, launched in 2024, we aim to combine Şişecam’s expertise with the capabilities of suppliers and technology providers to drive innovative solutions for the glass industry.”
“In 2025 we will continue to take the necessary steps swiftly and decisively to manage the challenges of the period and create value for our shareholders. At the same time, we will not deviate from our long-term strong growth targets and will continue to take measured, realistic, and determined steps towards our goals,” Görkem Elverici concluded.
The full report is available here.