Bulgaria grants First Class Investor certificate to Turkish glass maker Sisecam

Bulgaria certified Turkish glass and chemicals group Turkey Sise ve Cam Fabrikalari (Sisecam) as First Class Investor on Tuesday, October 4.

The certificate was awarded for the 367 mln lev project of the Turkish company for the construction in Targovishte, North-eastern Bulgaria, of production units for sheet and tempered glass, glassware and mirrors.

After the launch of all production units, Sisecam is expected to reach annual revenues of $147 mln, moving up to the position of the world's no.2 glass maker.
The Bulgarian state has invested 13.5 mln levs in the infrastructure that was put in place for the Sisecam project in Targovishte.

The glassware factory was the first to start operation earlier this year. It is outfitted with the world's biggest furnace for household glassware with a daily capacity of 200 tons. The $75 mln household glassware factory has eight manufacturing lines and a capacity to make 54,000 tons, i.e. 235 mln items, annually. They will be marketed under the Pasabahci brand.

The sheet glass unit will have an annual capacity of 200,000 tons and is expected to begin work in March 2006. The tempered glass and mirror plants - with annual capacity of 2.3 mln and 2.5 mln sq m, will go into operation in the second half of next year.

600450 Bulgaria grants First Class Investor certificate to Turkish glass maker Sisecam glassonweb.com
Date: 6 October 2005
Source: Dnevnik.bg

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
Japan 1 2 1 S. Korea 6 6 3 Southern Taiwan 4 2 0 Central Taiwan 0 4 2 AGC Japan 0 1 1 Taiwan (Yunlin) 1 1 1 Source: PIDA (Photonic Industry & Technology Development Association) Taiwan TFT-LCD Panel Makers Happy to See Substrate-price Falls in 2006 Taipei, Dec. 27, 2005 (CENS)--Both of the world's top-two glass-substrate makers are actively expanding their production capacity in Taiwan, which is expected to cut substrate transportation time and cost for local thin film transistor-liquid crystal display (TFT-LCD) panel makers and boost production efficiency, according to Michael Wang, project manager and senior analyst of Taiwan's PIDA (Photonic Industry & Technology Development Association).According to Wang, Asahi Glass Co. (AGC) of Japan has solved problems in lowering the defect-free rate for the production of fifth- and sixth-generation (5G, 6G) glass substrates, and is expected to tap the market with products with higher price competitiveness in 2006 to grab more market share in the 6G substrate businessIn addition, Wang added, the aggressive capacity added by both Corning of the U.S., the world's No. 1 substrate supplier, and AGC, the No. 2, will lead to price drops for glass substrates and will especially benefit TV panel makers such as AU Optronics Corp. (AUO) and Chi Mei Optoelectronics Corp. (CMO) in TaiwanCurrently, Wang pointed out, a 6G substrate is priced at about 27,000 to 30,000 Japanese yen, about 1,000 to 2,000 yen lower than in the third quarter of 2005.

Add new comment