Şişecam, a manufacturer of glassware and a producer of glass packaging and flat glass, announced that it increased its net sales to more than $2 billion in the first half of 2022.
The Turkish-based glass company, which also operates numerous facilities around the world, including in the U.S., stated that its share of international sales was 62% of its total investments. Throughout the first half of 2022, it produced 2.9 million tons of glass, 2.4 million tons of soda ash and nearly 2.1 million tons of industrial raw materials
“The world’s economic and geopolitical risks, high inflation and supply chain problems continued to shape the policies and business practices in the first half of 2022,” says Görkem Elverici, Şişecam CEO. “As a strong global player in the glass and chemicals sectors, we have successfully continued our growth journey with our advanced risk management muscles, sound investment decisions and practices implemented by shared wisdom. We are reaping the rewards of our strategic decisions and best practices.”
Elverici adds that Şişecam was able to sustain growth during the first half of 2022 by evaluating the risks and opportunities throughout the world and developing its ecosystem. The company’s “One Şişecam” approach allows it to effectively manage risks and be proactive and data driven, says Elverici.
Şişecam will continue to operate at full capacity in its production facilities in 14 countries on four continents. In fact, Elverici expects Şişecam to double its growth in the next five years.
“Our cost optimization practices, effective production planning, healthy and optimized supply chain management and successful crisis management skills help us achieve our ambitious targets,” says Elverici. “Şişecam’s functional-based organizational structure is almost complete now. Our more agile and simple organization structure provides us the necessary infrastructure to adapt to the changing conditions of the new world.”