Şişecam posted TRY 136 billion in consolidated net sales in the first nine months of 2024

Şişecam achieved consolidated net sales of TRY 136 billion in the first nine months of 2024. During this period, international sales accounted for 59% of total sales, total investments reached TRY 18.6 billion and exports were recorded at USD 730 million.

Şişecam disclosed its financial results for the first nine months of 2024. During this period, consolidated net sales reached TRY 136 billion, while international sales—comprising exports from Turkey and sales from production outside Turkey—accounted for 59% of consolidated sales.

In the first three quarters, Şişecam's total investments amounted to TRY 18.6 billion, with exports of USD 730 million. During this period, the company produced 4.2 million tonnes of glass, 3.5 million tonnes of soda ash and 2.8 million tonnes of industrial raw materials.

Şişecam Chief Executive Officer Görkem Elverici made the following statement regarding Şişecam's financial results:

"As an inevitable consequence of the uncertainties and economic fluctuations in the sectors we serve, our sales revenues and profitability targets, like those of many institutions, are affected by market conditions. However, in response to this situation, while maintaining control and without deviating from our long-term objectives, we are updating our short and medium-term strategies, managing risks and continuing our operations. We prioritize both financial and operational efficiency, and we regard budget control as one of the most important elements on which we need to focus during this period.

As a company founded only 4 years before the Second World War, we have encountered many challenges throughout our 89-year history. Yet we have managed to emerge stronger from each challenge. The numerous crises we have experienced have increased our ability to cope with extremely rapid and changing uncertainties and strengthened our resilience. We have learned to take strategic steps and adapt quickly to conditions. With the experience we have gained and the same determination, we are in the field today to manage difficult conditions in the best possible way.

While effectively managing today's requirements, we believe in the importance of also considering tomorrow's needs. To this end, we continue to take strategic steps focused on sustainability and digitalization. For this purpose, we have introduced our "Plant of the Future" platform to shape the future of glass production technologies. Through this open-innovation-based platform, we aim to create a "service model" and then expand the model to other sectors in our portfolio, particularly the soda ash industry where we rank among the world's top three producers. With this initiative, we will pursue not the best current practice, but solutions that will address tomorrow's needs.

Şişecam will continue to take necessary measures and review its plans while increasing the resilience of its operations in environments of uncertainty and crisis, while remaining committed to its long-term objectives. We will continue our development journey with determination, drawing strength from our 89-year corporate history."