Şişecam announced financial results for the first 9 months of 2023. In the nine-month period, Şişecam’s consolidated net sales totalled TRY 95 billion. International sales – comprising the total of exports made from Turkey and sales from foreign production – accounted for 64 percent of consolidated sales. Şişecam’s total investments in the same period amounted to TRY 11.9 billion while exports totalled USD 814 Million. Şişecam produced 3.9 million tonnes of glass, 3.4 million tonnes of soda ash, and 2.8 million tonnes of industrial raw materials in the same period.
Automotive glass line investment in Lüleburgaz
Şişecam continuously invests in projects that aim to bolster its growth, and Q3 2023 was no exception. The company renovated and upgraded the flat glass furnace with the latest technologies with a cold repair investment of about USD 56 million In India, where it employs 264 people. Şişecam also completed the cold repair process for its glassware furnace in Egypt. This investment boosted the company’s glassware production capacity in the country to 35,000 tonnes per year.
In September, Şişecam started operating its first float line dedicated to automotive glass in Lüleburgaz, Turkey, following an investment of nearly USD 190 million. The new line is designed to achieve high efficiency, expand production capacity, and boost production of thin glass also. This line will create 114 additional jobs and boast an annual capacity of 200 thousand tonnes.
Meanwhile, Şişecam’s ongoing investments are moving forward. Construction of the TR9 float line in Tarsus – one of the top five flat glass investments globally in terms of capacity – and cold repair and capacity expansion work of the TR1 float line in Lüleburgaz are ongoing. Currently, Şişecam is investing in glass packaging facilities in Eskişehir and Hungary. These new facilities aim to meet the fast-growing demand in the glass packaging market in Turkey and around the world. Soda ash investments in the US are also proceeding as planned.