Sisecam has signed a letter of intent to become an investor in Turkish technology company ICRON - an optimization platform service provider to numerous sectors for strategic and operational decision making.
Sisecam, a global player in the glass and chemicals industries, has signed a letter of intent to become an investor in ICRON, a Turkish technology company that provides optimization platform services to numerous sectors for their strategic and operational decision-making needs.
The investment is part of Sisecam's determination to invest in technology-focused, promising companies and projects, say officials.
Next steps of the agreement
If the negotiations reach an agreement, ICRON will become Sisecam’s first investment in the field of technology development. This investment from Sisecam will support the growth of ICRON, say officials. ICRON has high potential in the world of decision optimization, and will provide gains for Sisecam by elevating the operational excellence and optimization approach within its current operations to a higher level.
According to the letter of intent signed by Sisecam’s CEO Gorkem Elverici and ICRON’s CEO Gurer Unal in Barcelona at Gartner's Supply Chain Expo 2023, if the negotiations end with an agreement, Sisecam will have an option right to increase its total stake in ICRON up to 50% by 2027.
Sisecam’s investment in Innovation
Sisecam has invested in new innovative technologies in recent years, including the following:
- Sisecam is also the first company in Turkey to carry out a foreign trade transaction with blockchain technology.
- Sisecam launched the 'End-to-End Digital Treasury Management' target as well as a digital fraud detection and control system.
- Sisecam is the first company in Turkey to join the swift network by obtaining a corporate swift code.
