Turkey’s Sisecam to invest $190 mln in Russian plant

A unit of Sisecam (SISE.IS), a Turkish glass manufacturer owned by Is Bankasi (ISCTR.IS), said on Monday it plans to build a sheet-glass factory in RussiaThe investment will be worth between $180 million and $190 million, Cem Kozlu, the head of a Turkish-Russian business group, said separately at a news conference.Trakya Cam (TRKCM.

IS), a Sisecam unit, has signed an agreement with the government in Russia’s Tataristan region to carry out feasibility tests on building the plant, according to a Trakya Cam filing with the stock exchange.

600450 Turkey’s Sisecam to invest $190 mln in Russian plant glassonweb.com
Date: 18 February 2009
Source: Reuters

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