Sisecam Group reports net sales of TL 7.4 billion

Date: 21 April 2016
Source: www.sisecam.com
 Sisecam Group reports net sales of TL 7.4 billion
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www.sisecam.com

Date: 21 April 2016

Sisecam Group reported consolidated net sales of TL 7.4 billion and a net profit of TL 805 million for the full-year 2015.

The Group's total investments reached TL 1.1 billion in the same period.  



Şişecam 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, generated a total sales revenue of around TL 7.4 billion in 2015. In the same period, Şişecam, a group with manufacturing activities in 13 countries in three continents and sales in all over the world, produced 4.2 million tons of glass, 2.2 million tons of soda and 3.6 million tons of industrial raw materials at its domestic and overseas facilities.

 

EBITDA volume of TL 1.7 billion

“As of the end of 2015, our consolidated net sales reached TL 7.4 billion. The share of our international sales representing the total amount of exports from Turkey and sales from overseas production was 51 percent in our consolidated sales. As a result of the increasing capacity utilization rates of the production facilities, consolidated EBITDA volume reached TL 1.7 billion as of the end of 2015,” Prof. Dr. Ahmet Kırman, Vice Chairman and Chief Executive Officer, said.

 

International sales reached USD 1.3 billion

Şişecam Group reported total investments of TL 1.1 billion and the Group’s international sales reached approximately USD 1.3 billion in 2015. "Our aim is to further strengthen our financial structure so that the Group continues to grow consistently in the future. We are committed to optimizing our production facilities at an increased pace, while continuing to optimize costs through efficient methods. We are constantly evaluating the policies to be followed for sustainable and profitable growth and operational excellence, taking into consideration the general outlook of the global economy, as well as the geographical areas where we operate," Kırman noted.



About Şişecam Group

One of the most established enterprises in Turkey, Şişecam Group is 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. Today Şişecam, the world’s leading supplier of chromium compounds and the 10th largest soda ash producer in the world, is the 3rd largest glassware, the 4th largest glass packaging and the 5th largest flat glass manufacturer globally.



The Group, which has 44 production facilities in total, 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, over 21,000 employees, production in 13 countries, and sales in as many as 150 countries, Şişecam is a group at international scale and continues on its journey to become one of top three global producers in its all main business fields.



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600450 Sisecam Group reports net sales of TL 7.4 billion glassonweb.com

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