Şişecam announced that it has invested in a second patterned glass furnace and additional processing lines at a facility in Mersin, Turkey. The site will soon be home to a new flat glass line, the company says.
The new patterned glass furnace will have a capacity of nearly 600 tons per day and the energy glass processing lines will have a capacity of 20 million square meters per year. This new investment amounts to $188 million, including working capital.
“This new investment will allow us to capitalize on opportunities that arise in the rapidly growing global solar energy market and in Turkey,” says Dr. Ahmet Kırman, Şişecam chairman and executive member of the board. “The Mersin investment will contribute to the country’s economy as well as Şişecam’s strategy of producing sustainable value-added products. Once it reaches full capacity, the new Mersin investment is expected to generate annual sales revenue of $122 million.”
Kırman adds that the investment will allow Şişecam to capitalize on emerging opportunities in the growing global solar energy market.
“Solar energy stands out as the most viable solution for electricity generation today,” Kirman says. “Energy glass market demand in Turkey is forecasted to reach 23 million square meters in 2022, up from eight million square meters in 2018, registering nearly threefold growth. Our new investment will support us to capitalize on this highly attractive opportunity in the energy glass market.”