Schott-Glaverbel acquires flat glass processing company in Turkey

The joint venture Schott-Glaverbel B.V., owned 50/50 by the special glass manufacturer Schott Glas (Mainz, Germany) and the flat glass manufacturer and processor Glaverbel (Brussels, Belgium), has acquired the Turkish flat glass processing company Orim with retroactive effect from 1 January 2003.

This company, which now trades as Schott-Orim, is one of the leading Turkish manufacturers of screen-printed and toughened flat glass products for the white goods industry. This includes glass for oven doors, control panels and refrigerator shelves. In addition to its headquarters in Istanbul it has a production plant in Bolu and another in Cerkezköy. Orim employs 345 people and in 2002 it made sales of EUR 26 million.

With its new facilities in Turkey, Schott-Glaverbel is reacting to its customers' expansion in the growth regions of south-east Europe and the Middle East, in line with its policy of being close to its markets.

The Schott-Glaverbel joint venture was set up in 1989 to develop, manufacture and sell processed toughened flat glass products for applications in the white goods industry. In 2002 its sales reached EUR 150 million. With its new acquisition in Turkey it now comprises nine operations employing a workforce of around 1,750 people in the UK, France, the Netherlands, Italy, Spain, Brazil, Sweden and Malaysia.

600450 Schott-Glaverbel acquires flat glass processing company in Turkey

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