Page 17 - Glass Machinery Plants & Accessories no. 3/2017

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SISECAM

SISECAM GROUP

ANNOUNCES FY

2016 RESULTS

Sisecam’s net sales
exceeds TL 8.4 billion
with an 13.5% increase in
2016.
Sisecam Group reported
consolidated net sales of
TL 8.4 billion and a net
profit of more than TL
1 billion for the full-year
2016. The Group’s total amount of exports from
investments reached TL Turkey and sales from
1.2 billion in the same overseas production is
period. 54% in our consolidated
Sisecam Group, a global sales. During the same
actor in business fields period, international sales
including all main areas of volume reached USD 1.5
glass industry -flat glass, billion. Thanks to ongoing
glassware, glass packaging efforts to optimize the
and glass fiber - as well cost structure and the
as soda and chromium geographical distribution
chemicals increased its of production activities,
total consolidated net consolidated EBITDA
sales revenue by 13.5% reached TL 2.1 billion in
year-over-year in 2016, the same period,” Prof.
exceeding TL 8.4 billion. Ahmet Kirman, Vice
The Group reported a Chairman and Chief
net profit of more than Executive Officer, said.
TL 1 billion for the same Sisecam Group reported
period. total investments of TL
In 2016, Sisecam, a 1.2 billion and continued
group with manufacturing to support the national
activities in 13 countries economy with an export
in three continents and volume of USD 696
sales in all over the world, million in 2016. “Our aim
produced more than 4.6 is to further strengthen
million tonnes of glass, our financial structure by
more than 2.3 million focusing on sustainability
tonnes of soda and more in such a way as to
than 3.8 million tonnes of support our growth
industrial raw materials. potential in the near
International sales volume future. Efforts to optimize
reached USD 1.5 billion production facilities and
“In 2016, our the cost structure will
consolidated net sales continue at an increasing
have surpassed TL 8.4 pace, with a special
billion. The share of emphasis on increased use
our international sales of automated systems,”
representing the total Kirman noted.