Şişecam has completed a $23 million investment in a coated glass line at its flat glass manufacturing facility in Bulgaria. The line, with an annual capacity of 6 million square meters, will operate alongside the existing coated glass line at the flat glass facility.
Şişecam aims to supply the European market with higher volumes of solutions, including coated glass offering high light transmittance and thermal insulation and bird-friendly glass.
“In line with our strategic priorities, Şişecam has adopted a growth approach focused on efficiency, cost discipline, cash generation, and strengthening balance sheet resilience," says Şişecam’s CEO Can Yücel.
The company has two additional ongoing investments in the coated glass segment, a 7 million square meter line at its Tarsus flat glass facility and a new 6.5 million square meter line at its Northern Italy facility.
Once these are commissioned, the total number of Şişecam’s coated glass lines worldwide will reach seven, with total coated glass capacity increasing to 48.1 million square meters.
“This scale will allow us to respond to growing demand for coated glass with a more balanced and efficient production structure, while supporting our value-added product portfolio and cash generation capacity," says Yücel. "Thanks to its advanced technology and high level of automation, the new line will also contribute positively to our operational profitability.”
