Sisecam Group and P-D Group announce commencing discussions for a possible partnership

Date: 14 March 2016
Sisecam Group and P-D Group announce commencing discussions for a possible partnership to build a new glass fiber plant in Turkey.

Sisecam Group of Turkey, main shareholder of Cam Elyaf Sanayii A.Ş. and P-D Group of Germany, mother Company of P-D Fibreglass announced that both companies start negotiations to set up a new glass fiber manufacturing plant in Turkey.The negotiations have been started to create a partnership that aims to strengthen the position of both companies and to create synergy through sharing expertise and resources.Potential joint business will aim to create value to customers by providing them with a wide range of high quality products and the expanded manufacturing, distribution and service capabilities.

Sisecam Group is an industrial group operating on an international scale in the fields of business, encompassing all the key areas of glass production (i.e., flat glass, glassware, glass packaging and glass fiber), and soda ash and chromium chemicals. Şişecam carries out its production activities in 13 countries with 44 plants and a workforce of over 21.000 people and exports to 150 countries, which constitute half of its total sales. In global terms, the Group is the third biggest manufacturer of glassware, the fourth largest producer of glass packaging and the fifth largest producer of flat glass. And in the chemicals sector, Sisecam is the world’s leading supplier of sodium dichromate and basic chromium sulfate, as well as Europe’s fourth largest soda ash producer.

Cam Elyaf San. A.Ş., an affiliated company of Şişecam, is the sole manufacturer of glass fiber in Turkey. Cam Elyaf’s specialized glass fiber reinforcements find applications in advanced molding and compounding techniques throughout the world more than four decades. Cam Elyaf serves to sectors of wind turbine blades, interior/exterior parts of automotive, engineering plastics, marine, industrial applications and construction etc.

P-D FibreGlass, a German based fibre glass producer, manufactures an extensive range of fibre glass products, from yarns and rovings to woven rovings, mats, multiaxials and coated fabrics. The group operates 9 production sites in Europe, Asia and North America. PD FibreGlass has focused its business activities on customized solutions for various industries, from building and infrastructure to automotive and aerospace industry.

About Sisecam Group

One of the most established enterprises in Turkey, Şişecam Group is a global actor in business fields including all main areas of glass, i.e. flat glass, glassware, glass packaging and fiberglass, as well as soda and chrome compounds. Şişecam, 3rd largest glassware, 4th largest glass packaging and 5th largest flat glass and manufacturer in the world in terms of production capacity, has manufacturing activities in Turkey, Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia-Herzegovina, the Russian Federation, Georgia, Ukraine, Egypt and India. With its 80 years of experience, almost 21,000 employees, production in 13 countries, and sales in as many as 150 countries, Şişecam is a Group at international scale in its main lines of business and continues on its journey to become one of world’s top three producers.

600450 Sisecam Group and P-D Group announce commencing discussions for a possible partnership
Date: 14 March 2016

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