Turkish 'Sisecam' Launches 5th Facility in Bulgaria

Bulgarian Prime Minister, Boyko Borisov, officially opened Monday the "Sisecam" factory for automobile glass in the northeastern city of Targovishte, saying the cabinet works hard to ease foreign investments in the country.

Sisecam CEO Ahmet Kirman (front left) together with Bulgarian Prime Minister Boyko Borisov (front right) at the opening of the fifth Sisecam manufacturing facility in Bulgaria's Targovishte. Photo by M3 Communications Group, Inc.

"Today is great day for the city and the people who will work here. Such investments are of prime importance, especially for underdeveloped regions," Borisov stated.

Ahmet Kirman, CEO and chair of the board of Sisecam, has pointed out that the investments of the Turkish company have turned the Bulgarian city of Targovishte into a center of glass production in the Balkans, and have provided direct employment to 1440 people, while also facilitating the creation of additional small and medium-sized enterprises working with the company on the local level.

The brand-new investment is estimated at USD 25 M and will provide work for another 130 people.

The factory will make automatic and non-automatic side windows and heated back windows with an annual capacity of 1.3 million square meters and a turnover of USD 20 M at full capacity.

This is the fifth manufacturing facility of the Turkish glass giant, after the factory for household glass, launched in 2005; for flat glass, launched in 2006; the mirror line and the line for appliance glass from 2007. A total of 1 500 workers will be employed at the five facilities.

In 2008, "Sisecam" froze the project for automobile glass manufacturing over the shrinking of the European market.

The company plans to invest another USD 415 M in Targovishte, Turkish PM, Recep Tayyip Erdogan said during his visit to the facilities, also in 2008.

600450 Turkish 'Sisecam' Launches 5th Facility in Bulgaria glassonweb.com
Date: 15 February 2011
Source: www.novinite.com

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.
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.
Şişecam Science and Technology Center, the R&D unit of global glass manufacturer Şişecam Group, received the Intellectual Property Competence Award of the Turkish Ministry of Science, Industry and Technology.
Şişecam successful hosts in Istanbul
Şişecam Flat Glass introduced its high technology products at The Big 5 Show 2017

From industry

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

Add new comment