Şişecam announced its financial results for the year ending 31 December 2021. Şişecam’s 2021 consolidated net sales totalled TRY 32 billion while investment spending in the reporting period amounted to TRY 2.6 billion. In 2021, Şişecam produced 5.6 million tonnes of glass, 2.3 million tons of soda ash, and 4.5 million tonnes of industrial raw materials.
Creating sustainable value despite global uncertainty
Şişecam Chairman of the Board, Dr. Ahmet Kırman, indicated that Şişecam strengthened its position as a play-maker during the year. Şişecam took major steps to create sustainable value for its entire ecosystem in 2021, a time of extraordinary conditions due to the pandemic and global uncertainty.
Dr. Kırman stated, “Our consolidated net sales climbed to TRY 32 billion in 2021. We further contributed to the economic growth of our geographies and the driver sectors that we serve, with our products, investments, and employment opportunities. We are always ready to effectively respond to risks that arise in an environment dominated by global uncertainty and to capitalize on investment opportunities. We passed all the stress tests we have faced. The true extent of the pandemic effect remains uncertain even today. However, Şişecam will always conduct its activities by leveraging its strong competencies while creating sustainable value for all its stakeholders.”
In 2021, Şişecam reported a planned capital investment of two new float lines worth TRY 5.2 billion (EUR 344 million) in architectural glasses and automotive glass. Furthermore, the company announced its plans to commission a new glass packaging facility in Eskişehir, Turkey. The total value of new investment plans announced for Turkey in 2021 exceeded TRY 6.5 billion (EUR 428 million). Şişecam reported net profit of TRY 9.13 billion in 2021. The company recorded TRY 2.6 billion in investment spending in 2021. In addition, a series of new investment plans have already been announced.
“Şişecam is capitalizing on the right investment opportunities”
Dr. Kırman pointed out that Şişecam is growing thanks to seizing the right investment opportunities and implementing effective risk management. He added, “Şişecam continued its investments with the aim of creating sustainable value in its current business lines throughout the year. At the same time, we also created new value by entering new business areas. Currently, we are managing many successful investment projects in line with our sustainability and continuity-oriented strategy. Our strategy is supported by our management approach which is based on a common mindset.”