Şişecam has reported consolidated net sales of TRY 13 billion for the six months ended June 2021.

International sales accounted for 64% of the total during this period. In the first half of the year, the company produced 2.7 million tons of glass, 1.2 million tons of soda, and 2.5 million tons of industrial raw materials.

Capital expenditures were recorded at TRY 838 million and exports reached to USD 327 million in the first half of the year.

Şişecam CEO Görkem Elverici commented on the Company’s results: "Despite the climate of uncertainty caused by the pandemic, Şişecam delivered a strong financial performance in the first half of the year, exceeding its performance in the same period of the previous year. Şişecam continued to create value for its stakeholders with its proactive decisions and practices that generate value for its entire ecosystem. In the coming period, we aim to continue moving forward toward our global goals. We plan to take the next steps on our sustainable growth journey with our transformation projects that will render Şişecam future-ready, our investment plans, and our robust governance capabilities."

In its 85th anniversary year, Şişecam made one of the most important decisions in its history: To merge all of its business activities under a single roof. Mr Elverici stated: "At Şişecam, different business fields – such as glass packaging, glassware and chemicals – were formerly managed independently within a field of activity-based organizational structure. Now, we have a function-based organization and management approach. I firmly believe that our new organizational structure will ensure more effective and agile management across our region of operation spanning four continents in various lines of business. The experience and competencies we have gained with a focus on product groups will further expand Şişecam domain of influence."

Şişecam remains committed to making uninterrupted investments, Mr Elverici added: "We announced the start of our first European facility investment in glass packaging industry, in Hungary. We expect this greenfield facility investment with a capacity of 330,000 tons to be online 2023 and to reach its full capacity by the year-end 2025. Capital expenditures focusing on increasing our existing 2 million ton flat glass production capacity in Turkey by 25 percent are also underway. We expect to achieve this goal by both improving our existing lines and investing in two new float lines."

www.sisecam.com.tr

Image: Şişecam CEO Görkem Elverici