Sisecam's New Investment In Bashkortostan

Ersin Ozince, director general of Isbank and president of Sisecam Executive Board, said on Monday that the new glass factory of Anadolu Glass Industry Inc. in Ufa city of Bashkortostan would create employment for 3,200 persons directly and for 15,000 persons indirectly with an annual endorsement of 342 million dollars.

A ground-breaking ceremony was held for Ruscam-Ufa, the new glass factory and the third investment of Anadolu Glass Industry Inc.--a company of Sisecam-- to be built in Ufa city of autonomous republic of Bashkortostan, Russia.

Addressing the ceremony, Ozince said that the investments of Sisecam in Russia have reached 373 million dollars, stressing that the Turkish-Russian social and economic relations developed on a very sound basis.

''Russian Federation is ranked the second among Turkey's economic partners behind Germany. What we expect from Russian officials is that they should not permit applications which could disturb the equality of chance for us to compete in Russian market, we don't want any privilege,'' Ozince noted.

President of Bashkortostan Murtaza Rahimov thanked for the big investment undertaken by the Turkish company and noted that he believed new areas would be formed for Turkish-Russian economic relations.

Rahimov said that Turkey had an important place in Bashkortostan's foreign economic relations.

''We believe that this investment would contribute significantly to solving unemployment problem in Bashkortostan,'' Rahimov added.

Turkish Ambassador to Russia Kurtulus Taskent said in his part that the investments undertaken by Turkish companies in Bashkortostan was the sign of their trust in economic and political stability in Bashkortostan.

''Today Russia is the second biggest partner of Turkey behind Germany, and Turkey is one of Russia's most important economic partners,'' he added.

Sisecam's top official Teoman Yenigun said that Sisecam has become the biggest glass producer in Europe with its investments in Russia.

600450 Sisecam's New Investment In Bashkortostan
Date: 30 June 2005

See more news about:

See more from these topics:

Others also read

The fourth GPD Istanbul presents the latest advances in the glass industry together with the most interesting future developments.
The new metro station in St. Petersburg will be anti-vandal and in Zenit colors.
The purpose of the Roundtable: Organization of a systemic interaction between the manufacturers of glass and light-transmitting structures and the facade public.
Şişecam has submitted an offer for the acquisition of the Sangalli Group’s Sangalli Manfredonia facilities in southern Italy.
The new auction bid for the sale in bulk of three companies Sangalli Vetro Manfredonia spa, Sangalli Vetro Satinato srl and Sangalli Vetro Magnetronico srl Bankruptcies is scheduled for March 21, 2018, at 15 pm.
From 7 to 10 March Istanbul will host the largest in Turkey, the Eurasia Window, Glass & Door 2018.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul

Add new comment