Şişecam increased its net sales in the third quarter
Şişecam’s consolidated net sales totalled TRY 66.2 billion and international sales accounted for 63% in the first nine months of 2022. The company produced 4.3 million tons of glass, 3.6 million tons of soda ash and 3.4 million tons of industrial raw materials in the same period. Thanks to its journey of change and transformation, financial targets were achieved despite an atmosphere macroeconomic and geopolitical uncertainties on a global scale.
Şişecam CEO Görkem Elverici commented on the results: “The world entered a normalization period for the financial statements with the effects of macroeconomic fluctuations together with soaring energy prices and inflation-related factors in the third quarter of the year. As the recession becomes the major topic around the world, concerns regarding the energy supplies have increased dramatically. Many global companies in the glass industry have decided to bring their cold repair processes forward with the impact of balancing demand as a reflection of their industrial customers’ cautious stance in response to escalated uncertainties. Meanwhile, Şişecam continued to grow further even in this challenging environment. With our efficient cost optimisation practices and risk management skills we are working continuously to run our production operations as planned for the rest of the year."
“Thanks to our ability to produce with alternative energy sources and our power to include all the necessary instruments for financial and operational sustainability, we create value for all our stakeholders even in this challenging period. We also take important steps to strengthen our suppliers, customers and employees with our inclusive development-oriented approach. We see glass not as the product of this year but as the need of the age and we make all our projections in the light of this approach. We strive to create growth and value to all our shareholders and believe that Şişecam will continue its rapid, determined and selective growth journey.”
Image: Şişecam CEO Görkem Elverici.
