Şişecam closes 2022 with a strategic investment

Şişecam announced its decision to increase the capacity of its second frosted glass furnace and energy glass processing line investments in Mersin. Şişecam’s Chairman and Executive Member of the Board Prof. Dr. Ahmet Kırman said the following about the move which will increase the total investment amount of two projects to 228 million Euros inclusive of working capital requirements:   

“While the cost of energy increases, the decrease in the costs of generating electricity from solar energy and the sustainability focus in the global arena offer new opportunities in the frosted glass and energy glass industries. With this strategic move Şişecam's installed frosted glass production capacity will reach 324 thousand tons per year by the end of 2024 and this is compatible with our sustainable value-added production strategy.” 

Prof. Dr. Ahmet Kırman stated that the global solar energy sector, which was 40 GW in 2010, reached 710 GW in 2020 and continued as follows: “With the contribution of the trends supporting the sector, the global solar energy installed power is expected to increase fourfold by 2030 and exceed 3,000 GW. USA, which currently provides 3 percent of its energy needs from solar energy, aims to increase this rate to 40 percent by 2030 and to 45 percent by 2050. This transformation also accelerates the initiatives of industrial players to transform their energy consumption into green energy sources and to limit their carbon footprints. More and more companies are putting renewable energy investments on their agenda. We believe that this investment will support the development of the rapidly growing solar energy sector in Turkey.”