Page 21 - Glass-Technology International no. 2/2018

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SISECAM GROUP 190,000 tons/year flat glass plant in
southern Italy also operates a 4 million
OFFER TO ACQUIRE SECOND FLAT m2/year lamination line, a 4 million
m2/year coating line, and a 1.5 million
GLASS PLANT IN ITALY m2/year satin line.
Kirman said: “We are active in the four
Europe’s largest flat glass producer tion and offers an annual production main segments of flat glass, glassware,
Sisecam, has submitted an offer for capacity of 190,000 tons. The Porto glass packaging, and chemicals. We are
the acquisition of the Sangalli Group’s Nogaro plant, which we acquired in aware that we cannot achieve our stra-
Sangalli Manfredonia facilities in November 2016 has made a significant tegic targets through organic growth
southern Italy, in a move to own a contribution to our competitiveness in only. Thus, inorganic growth is impor-
second flat glass plant in the country. the European market. If we finalize the tant for us, especially outside Turkey. In
Sisecam Group paid around EUR 85 acquisition operation for the Sangalli accordance with our investment policy
million in 2016 to acquire the same Manfredonia plant, we will further focusing on sustainable growth and
group’s Sangalli Porto Nogaro facilities consolidate our European leadership high performance, we make continuous
in northern Italy. while doubling our flat glass production efforts to seize all potential opportuni-
Commenting on the acquisition offer, capacity in Italy. Our group is currently ties including acquisi-
Sisecam Group Vice Chairman and the largest Turkish investor in Italy, and tions, joint ventures and
CEO Prof. Ahmet Kirman made the completing the planned acquisition will other forms of coopera-
following statement: “We expect stra- further improve that leading position, tion. Our offer for the
tegic benefits in terms of our European and we will also become one of the Italian flat glass producer
flat glass operations by acquiring the largest flat glass producers of Italy.” Sangalli Manfredonia is
Sangalli Manfredonia plant, which The tender process is expected to be a result of these proactive
enjoys a favourable geographical loca- completed in the coming months. The and careful efforts.”

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