Şişecam invested in a patterned glass furnace with a capacity of 661 tons per day and energy glass processing lines with a capacity of 21.5 million square feet per year. This new investment in Mersin/Tarsus OIZ in Turkey amounts to $190 million, including working capital. With this latest investment, Şişecam aims to be one of the main suppliers in the renewable energy investments globally, say officials.
Prof. Dr. Ahmet Kırman, Şişecam chairman and executive member of the board, emphasized that Şişecam is committed to making ongoing investments that create sustainable value for all stakeholders while supporting growth and exports of industries to which it provides input.
“We are moving forward with new investments in line with our strong global goals and our focus on sustainable growth across our core business areas,” he says. “At the same time, we are closely monitoring global trends and exploring new investment opportunities. Even though overall energy costs are on the rise, declining costs of electricity generation from solar energy and growing awareness of sustainability globally offer new opportunities in the patterned glass and energy glass markets.
In line with our strategic priorities of meeting glass demand in Turkey and creating value its economy, Şişecam decided to invest in a new patterned glass furnace and processing lines in Mersin. This new investment will allow us to capitalize on emerging opportunities in the rapidly growing solar energy market globally. We believe that this investment is perfectly aligned with our sustainability targets."
