Turkish Glass Industry Financed With Care by EIB

The European Investment Bank is lending 55 million ЕUR to Sisecam, a leading Turkish glass manufacturer, for funding part of a modernisation and capacity expansion programme.


The implementation of Sisecam's investment programme includes the construction of a new float glass line and the construction and operation of a coating line at a production site in the province of Bursa, the country's second industrial hub after Istanbul.

Both investments form part of Sisecam's effort to reinforce its operational efficiency and cater for increasing demand on the local market. Another portion of the loan will be used to fund the company's research and development expenses, assuring that it will continue to use advanced technologies equalling high quality products and enhanced competitiveness.

EIB financing for this project comes under the Bank's pre-accession facility and supports Turkey's industrial policy, notably to develop the country's private sector economy on its way to EU Membership.

Matthias Kollatz-Ahnen, EIB Vice-President overseeing the Bank's operations in Turkey, underlined that the loan will help to boost private sector development in the country. Providing suitable long-term funding to Sisecam will help the company to continue its development and proceed with investments in state of the art technologies.

Read the entire news on the source link below.

600450 Turkish Glass Industry Financed With Care by EIB glassonweb.com
Date: 9 March 2007
Source: International.ibox.bg

See more news about:

See more from these topics:

Others also read

ESuva Glazing expert has developed a new product for the creation of glass canopies.
With an offer of 90M euros, Sisecam won against Guardian
Şişecam opens two new production plants in Tatarstan with an investment of USD 310 million
Şişecam Flat Glass introduced its new products which combine energy saving, safety, noise control and decorative elements.
Şişecam Group's net sales in the first half of 2016 exceeded TL 4 billion with a 13% increase year-over-year, and the Group reported net profit of TL 390.5 million.
Sisecam Flat Glass, one of the world's largest manufacturers of flat glass, met in Montenegro with its clients in Trakya Glass Rus RSJ operating in Russia.

From industry

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

Add new comment