Turkey's Sisecam Builds Glass Manufacturer in Bulgaria

Date: 21 April 2003
Source: Novinite.com

Date: 21 April 2003

Turkey's Sisecam holding is expected to announce its plans for building a manufacturer of glass in Bulgaria on April 21, State Administration Minister Dimitar Kalchev said April 19.

At the beginning of next week representatives of the Turkish glass manufacturer will hand officially to Prime Minister Saxe-Coburg a letter, setting out their intentions. The first meeting of the Turkish delegation will be with Minister Kalchev and Pavel Ezekiev, chairman of the Bulgarian Foreign Investment Agency.

The manufacturer will be fired by Kaolin-Asenovo and will account for some 50%-60% of the production capacity of Kaolin.

This week it emerged that Turkey's Sisecam holding has selected Bulgaria for building a manufacturer of flat glass. The company was rather hesitant so far with Romania being Bulgaria's main contester.

The final decision of Sisecam holding was preceded and determined to a large extent by a Cabinet-inspired package of incentives and preferences for the investor.

An intergovernmental group was set up for support of Sisecam project in January, including greenfield investment in building up a manufacturer of flat glass.

The cost of the investment project is set at USD 100 M.

Sisecam holding's daughter companies are specialized in glass industry. The bulk of the company's output is for the developed markets - 66% in Europe and 9,9% in the United States of America.
600450 Turkey's Sisecam Builds Glass Manufacturer in Bulgaria glassonweb.com

See more news about:

Others also read

MORE...

Southwall Technologies Secures New Bank Loan and Equity Financing Agreement Led by Needham & Company
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
Emirates Glass wins major deals
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Micro-Tek Canada, Inc. and Co-Ventures in Glass Containers, Ltd.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
Autoglass maker dumps dumping charges
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
History of Glass Wine Bottles
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair's Specialty Gases Plant Attains New ISO 9000 Standard
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.

Add new comment