Sisecam Group Increases Net Sales 15 Percent in 2014

Sisecam Group, a global manufacturer of glass, reported consolidated net sales of $2.57 billion (Turkish Lira 6.9 billion), up 15 percent compared to the previous year. The company recorded a net profit of $156.67 million (TL 420 million) and an EBITDA volume of $522 million (TL 1.4 billion) for the year ended December 31, 2014.

“In 2014, Sisecam, a group with manufacturing activities in 13 countries in three continents and sales in 150 countries all over the world, achieved a significant increase in its international sales in addition to its domestic sales in Turkey,” says Dr. Ahmet Kırman, vice chairman and chief executive officer. “The share of international sales, which represent the exports from Turkey and the sales from overseas production, in total sales reached 52 percent. In this regard, the exports of the Sisecam Group from Turkey reached $837 million in 2014.”

The company recorded $450 million (TL 1.2 billion) in investment spending.

“We took significant key steps to improve the partnerships and acquisitions achieved by the Group in 2013 in various geographical areas,” says Kirman. “This growth was backed by the projects and R&D efforts across the entire value chain, with an approach focused on total cost management and efficient use of resources. Our efforts also continued for restructuring the operating model in order to increase the competitiveness in response to the uncertainties of the markets.”

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