Şişecam increased its net sales to 66,2 TRY Billion in the first 9 months of the year

Görkem Elverici
Photo source
Şişecam

Date: 1 November 2022

Şişecam’s total investments reached to TRY 5 Billion in the same period.

Şişecam’s consolidated net sales totaled TRY 66,2 Billion and international sales of the Company accounted for %63 in the first 9 months of 2022. Şişecam produced 4,3 Million tons of glass, 3,6 Million tons of soda ash, and 3,4 Million tons of industrial raw materials in the same period. Thanks to its journey of change and transformation, Şişecam continues to achieve its financial targets in an atmosphere full of macroeconomic and geopolitical uncertainties on a global scale. 

Şişecam CEO Görkem Elverici commented on the Company’s results: “The world entered a normalization period for the financial statements with the effects of macroeconomic fluctuations together with soaring energy prices and inflation-related factors in the 3rd quarter of the year. As the recession becomes the major topic around the world, concerns regarding the energy supplies have increased dramatically.  Many global companies in the glass industry have decided to bring their cold repair processes forward with the impact of balancing demand as a reflection of their industrial customers’ cautious stance in response to escalated uncertainties. Meanwhile, Şişecam continued to grow further even in this challenging environment. With our efficient cost optimization practices and risk management skills we are working continuously to run our production operations as planned for the rest of the year.” 

“With production activities in 14 countries on four continents and sales in more than 150 countries, we have the necessary instruments and competencies to manage complexities in different economic conditions and different regulations, yet we continue to operate uninterruptedly. Thanks to our ability to produce with alternative energy sources and our power to include all the necessary instruments for financial and operational sustainability, we create sustainable value for all our stakeholders even in this challenging period. We protect our investors with share buyback programs. We also take important steps to strengthen our suppliers, customers, and employees with our inclusive development-oriented approach. We see glass not as the product of this year but as the need of the age and we make all our projections in the light of this approach. We strive  to create growth and value to all our shareholders and believe that Şişecam will continue its rapid, determined and selective growth journey” Görkem Elverici said. 

600450 Şişecam increased its net sales to 66,2 TRY Billion in the first 9 months of the year glassonweb.com

See more news about:

Others also read

Glaston Corporation will publish its January−December 2022 Financial Statements Bulletin on Thursday, 9 February 2023 at around 8.30 a.m. Finnish time.
The report showcases the key accomplishments and objectives that NGA has achieved over the past year.
AAMA TIR-A19-22, Structural Test Deflection and Permanent Deformation Gauge Placement for Horizontal and Vertical Sliding Windows and Sliding Doors, is now available for purchase.
Şişecam attended the SHARE Sofia, SHARE Bucharest and SHARE Belgrade, International Architecture and Engineering Forum events this year.
228 million Euro sustainable investment move from Şişecam
Alternative sustainable fuels could reduce carbon emissions by up to 80% allowing the glass and other industries to decarbonize sooner.

Add new comment

From industry

İçmeler Mah. D-100 Karayolu Cad. No:44A,
34947 Tuzla,/İstanbul
Turkey