Şişecam Group Invests in Flat Glass and Automotive Glass

ŞİŞECAM GROUP INVESTS IN FLAT GLASS AND AUTOMOTIVE GLASS
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Şişecam opens two new production plants in Tatarstan with an investment of USD 310 million

Şişecam Group, Turkey's biggest glass manufacturer and one of the world's outstanding glass manufacturers, has established flat glass and automotive glass production plants in the Republic of Tatarstan in the Russian Federation, and the plants have been officially opened with a ceremony hosted by Dr. RehaAkçakaya, ŞişecamFlat Glass Group President.

ŞİŞECAM GROUP INVESTS IN FLAT GLASS AND AUTOMOTIVE GLASS

The ceremony at the modern production plants established with a total investment of USD 310 millionwas held with the presence ofNihatZeybekci, Minister of Economy, Turkish Republic and RustamMinnihanov, Tatarstan President, as well as administrative and diplomatic representatives of the Republic of Turkey, Russian Federation and Republic of Tatarstan.

ŞİŞECAM GROUP INVESTS IN FLAT GLASS AND AUTOMOTIVE GLASS

The flat glass plant, Şişecam Group and French Saint-Gobain company holding shares of 70% and 30%, respectively,has a production capacity of 230,000 tons per year and total USD 210 million was invested in the plant located in the Alabuga Special Economic Zone.

The automotive glass plant with a capacity of 800,000 tool-sets/year, 100% owned by Şişecam Group and also located in Alabuga Special Economy Zone, was establishedwith an investment of around USD 100 million. The flat glass and automotive glass plants, which are among the world's most-equipped plants in terms of technology, employ total 653 employees.

 ŞİŞECAM GROUP INVESTS IN FLAT GLASS AND AUTOMOTIVE GLASS

 

Şişecam Group's investments in Russia exceeded USD 1.1 billion

Şişecam Group, only global manufacturer operating in all main fields of operation of the glass industry, comprising flat glass, glassware and glass packaging, made its first investment in the Russian Federation in 2002, as a result of the country's strong position, size of the economy and the potential.

The Group has invested in the field of glass packaging, glassware and flat glass in the Russian Federation and operates with total eight production plants in the country.

Şişecam Group has a total production capacity of more than 1.5 million tons in the fields of flat glass, glass packaging and glassware, and the Group's total investment in the Russian Federation has exceeded USD 1.1 billion.

The total number of the Group's employees in the Russian Federation has also reached 3,400 with the flat glass and automotive glass production plants officially opened in the Republic of Tatarstan.

 ŞİŞECAM GROUP INVESTS IN FLAT GLASS AND AUTOMOTIVE GLASS

 

Şişecam Group maintains its leading position in the Russian market

Şişecam Group's sales revenue is more than USD 3 billion today, and the Group derives more than half of its sales revenue from international sales.

Russian Federation is of strategic importance for the Group as the Group operates eight production plants in the country.

Şişecam Group, the third largest glassware, the fourth largest glass packaging and the fifthlargestflat glass manufacturer globally, has the following production plants in the Russian Federation:

  • Gorokhovets Glass Packaging Plant
  • Pokvorsky Glass Packaging Plant
  • Kuban Glass Packaging Plant
  • Krishi Glass Packaging Plant
  • Ufa Glass Packaging Plant
  • Posuda Glassware Plant
  • Alabuga Flat Glass Plant
  • Alabuga Automotive Glass Plant

As the leader of the Russian glass packaging market with a market share of around 25%, Şişecam Group also maintains its leading position in the Russian glassware market with a market share of around 30% with its Paşabahçe brand.

The Group aims to strengthen its position in the market with the most recent flat glass and automotive glass production plants investment.

600450 Şişecam Group Invests in Flat Glass and Automotive Glass glassonweb.com
Date: 10 October 2016
Source: www.sisecam.com

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