Şişecam Group acquires its second flat glass manufacturing facility in Italy

Şişecam Group acquires its second flat glass manufacturing facility in Italy
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www.sisecam.com.tr
One of the global players of the glass industry, Şişecam Group has completed its acquisition process of Sangalli Vetro Manfredonia facility.

Trakya Cam Sanayii A.Ş., Şişecam Group’s company operating in flat glass manufacturing has invested 15.7 million Euro to a second facility in Italy and double folded its production capacity in the country. 

In a statement about the acquisition, Şişecam Group Vice President and CEO Prof. Ahmet Kırman said, “Operating in 13 countries, Şişecam Group continues to grow by creating value for its operating countries through investments and employment. With this acquisition, our Group, Italy's largest Turkish investor, has become one of Italy's largest flat glass producers and has strengthened its leadership in Europe”.

Şişecam Group acquires its second flat glass manufacturing facility in Italy

Sisecam logoŞişecam Group, a global actor in business fields including all main areas of glass industry, i.e. flat glass, glassware, glass packaging and glass fiber, as well as soda and chromium chemicals, acquired the second flat glass plant in Italy. Trakya Cam Sanayii A.Ş., a Şişecam Group company, completed the acquisition of Sangalli Vetro Manfredonia plant in Monte Sant'Angelo, Italy-based flat glass producer of Sangalli Group, for 15.7 million Euro. 

Sangalli Vetro Manfredonia flat glass production facility, located in the southern part of Italy, has a capacity of 190 thousand tons/year, along with a laminating line with 4 million square meters/year capacity, a coating line with 4 million square meters/year capacity, and a satin coating line with 1.5 million square meters/year capacity. In 2016, Şişecam Group also acquired the Sangalli Porto Nogaro plant of Sangalli Group located in northern Italy. 

Stating that they are operating in four main business fields, namely "flat glass", "glassware", "glass packaging" and "chemicals", Şişecam Group Vice President and CEO Prof. Ahmet Kırman, said "In order to reach our global strategic goals, we are assessing both organic and inorganic growth opportunities. We are continuously working to assess all potential opportunities, including acquisitions, joint ventures and other collaboration opportunities, in line with our investment policy based on sustainable growth and high performance. The acquisition of the Sangalli Vetro Manfredonia plant in Italy is also a result of our long-term and value-creating sustainable growth approach and our work in this scope”. 
 

Ahmet Kirman“We have further strengthened our leadership in Europe”

Emphasizing the production activities of Şişecam Group in 13 countries, Ahmet Kırman said:

"Şişecam Group is the largest Turkish industrialist in Italy today. We have been operating in the field of chemicals for many years in Italy with Cromital SpA, our production facility for chromium compounds. With the acquisition of Sangalli Porto Nogaro in 2016, we also started flat glass production in Italy. That acquisition has created synergy with our flat glass operations in Bulgaria and made a significant contribution to our competition capacity in Europe. Both with its geographical location and its production capacity of 190 thousand tons/year, the Sangalli Vetro Manfredonia plant will provide strategic advantage in terms of our flat glass manufacturing activities in Europe."

“Sangalli Vetro Manfredonia plant has also both laminating and coating lines. Our competence and capacity in flat glass operation in Italy will continue to increase with the acquisition of the Manfredonia plant. We aim to expand our product range further by the help of those production lines, and we aim to be the largest manufacturer of architectural glass in Italy. With the completion of the acquisition of the Sangalli Vetro Manfredonia plant, we have doubled our flat glass production capacity in Italy. Thus, we have further strengthened our flat glass leadership in Europe" Kırman stated.
 

600450 Şişecam Group acquires its second flat glass manufacturing facility in Italy glassonweb.com

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