Sisecam has Opened a New Bulgarian Plant

Date: 29 July 2005

The first one of the three Targovishte-based plants of Turkey's giant glass producer Sisecam was officially opened on Wednesday.The plant was officially inaugurated with the launch of the world's biggest glass furnace.

More than USD 70 M have been invested in the first plant of the company in Bulgaria. It has been fully equipped with the newest technologies and under the world quality standards.

The project, finalized in 12 months is expected to create annual turnover of USD 55 M. The new glasswork manufacture is expected to create some 580 new jobs in the northern town of Targovishte, which is one of the most severely hit by unemployment regions in the country. About 90% of the Bulgaria-made production will head for the EU market and is expected to amount to USD 50 M.

The giant glass producers announced in the begging of July that it will increase the amount of its investments in Bulgaria.

Sisecam plans to invest a total of USD 160 M in the project, which encompasses the construction of two plants - glassware and sheet glass, which will rise opposite the first plant. Sisecam' total investments to Bulgaria will thus reach USD 220 M.

600450

novinite.com

2005-07-29T13:00:00

Sisecam has Opened a New Bulgarian Plant glassonweb.com

See more news about:

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Şişecam's Chairman Prof. Dr. Ahmet Kırman Resigns

Prof. Dr. Ahmet Kırman Steps Down as Chairman and Executive Director Effective July 1, 2024

Şişecam Participated in Best of Belron

Şişecam, the only global player operating in all core areas of glass, participated in Best of Belron, an international event for automotive industry.

Şişecam Participates in Best Of Belron

In addition to its automotive glass, Şişecam will also be exhibiting its wide range of automotive replacement glass products at the event.

Şişecam's net sales reached TRY 41 billion in the first 3 months of the year

Şişecam reported TRY 4.3 billion capital expenditures in the first 3 months of 2024

Şişecam Met with Business Partners at Global Supplier Summit

Şişecam, a global player in the glass and chemicals industries, convened with its business partners at the Şişecam Global Supplier Summit, themed ‘United to Collaborate’.