Sisecam Group acquires its second flat glass manufacturing facility in Italy
Sisecam Group, a global actor in business fields including all main areas of glass industry, has acquired its second flat glass plant in Italy. Trakya Cam Sanayii completed the acquisition of Sangalli Vetro Manfredonia plant in Monte Sant’Angelo, Italy-based flat glass producer of Sangalli Group.
One of the global players of the glass industry, Sisecam Group has completed its acquisition process of Sangalli Vetro Manfredonia facility in Italy. Trakya Cam Sanayii, Sisecam Group’s company operating in flat glass manufacturing has invested EUR 15.7 million in a second facility in Italy and doubled its production capacity in the country.
In a statement about the acquisition, Sisecam Group Vice President and CEO Prof. Ahmet Kirman said, “Operating in 13 countries, Sisecam Group continues to grow by creating value for its operating countries through investments and employment. With this acquisition, our Group, Italy’s largest Turkish investor, has become one of Italy’s largest flat glass producers and has strengthened its leadership in Europe.”
Sangalli Vetro Manfredonia flat glass production facility, located in the southern part of Italy, has a capacity of 190 thousand tons/year, along with a laminating line with 4 million square meters/year capacity, a coating line with 4 million square meters/year capacity, and a satin coating line with 1.5 million square meters/year capacity. In 2016, Sisecam Group also acquired the Sangalli Porto Nogaro plant of Sangalli Group located in northern Italy.
Stating that they are operating in four main business fields, namely “flat glass”, “glassware”, “glass packaging” and “chemicals”, Sisecam Group Vice President and CEO Prof. Ahmet K?rman, said “In order to reach our global strategic goals, we are assessing both organic and inorganic growth opportunities. We are continuously working to assess all potential opportunities, including acquisitions, joint ventures and other collaboration opportunities, in line with our investment policy based on sustainable growth and high performance. The acquisition of the Sangalli Vetro Manfredonia plant in Italy is also a result of our long-term and value-creating sustainable growth approach and our work in this scope.”
Emphasizing the production activities of Sisecam Group in 13 countries, Ahmet K?rman said: “Sisecam Group is the largest Turkish industrialist in Italy today. We have been operating in the field of chemicals for many years in Italy with Cromital SpA, our production facility for chromium compounds. With the acquisition of Sangalli Porto Nogaro in 2016, we also started flat glass production in Italy. That acquisition has created synergy with our flat glass operations in Bulgaria and made a significant contribution to our competition capacity in Europe. Both with its geographical location and its production capacity of 190 thousand tons/year, the Sangalli Vetro Manfredonia plant will provide strategic advantage in terms of our flat glass manufacturing activities in Europe.”
“Sangalli Vetro Manfredonia plant has also both laminating and coating lines. Our competence and capacity in flat glass operation in Italy will continue to increase with the acquisition of the Manfredonia plant. We aim to expand our product range further by the help of those production lines, and we aim to be the largest manufacturer of architectural glass in Italy. With the completion of the acquisition of the Sangalli Vetro Manfredonia plant, we have doubled our flat glass production capacity in Italy. Thus, we have further strengthened our flat glass leadership in Europe” K?rman stated.
One of the most established enterprises in Turkey, Sisecam Group is a global actor in business fields including all main areas of glass industry, i.e. flat glass, glassware, glass packaging and glass fiber, as well as soda and chromium chemicals. Today Sisecam, the world’s leading supplier of chromium compounds and the 10th largest soda ash producer in the world, is the third largest glassware, the fifth largest glass packaging and flat glass manufacturer globally.
The Group, which has 42 production facilities in total, has manufacturing activities in Turkey, Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia-Herzegovina, the Russian Federation, Georgia, Ukraine, Egypt and India. With its more than 80 years of experience, 22,000 employees, production in 13 countries, and sales in more than 150 countries, Sisecam is a group at international scale and continues on its journey to become one of top three global producers in its all-main business fields.