Şişecam Focuses on Value-Added Growth

Şişecam has brought its recently implemented energy glass, flat glass and coated glass investments into full-capacity production. Having left an important phase of its investment program behind, the company is now focusing on increasing the value of the capacities it has recently commissioned, raising the share of value-added products within total sales, and strengthening the contribution of its investments to financial results in the new period.

Şişecam, one of the global players in the glass and chemicals sectors, announced its financial results for the first nine months of 2026. In this period, the company achieved net sales of TRY 195 billion, with the share of international sales within total sales reaching 59 percent. Şişecam, which made TRY 17 billion of investment in the first nine months, recorded exports of $707 million. In the same period, the company produced 4.3 million tons of glass, 3.3 million tons of soda ash and 3 million tons of industrial raw materials.

Can Yücel: "Our Focus Is to Maximize the Value of the Capacity We Have Created"

In his assessment of the third quarter of 2026, Şişecam General Manager Can Yücel stated that an important phase of the investment program had been completed and that operational efficiency and value-added growth would gain priority in the new period.

Yücel used the following statements:

"In the third quarter, we left an important threshold behind in our investment program. Our Tarsus Energy Glass facility, our Tarsus flat glass line, and our coated glass investments in Bulgaria and Italy have moved into full-efficiency production. Thus, we have implemented all the greenfield facility projects envisaged for commissioning within the scope of our investment plan. At the same time, while commissioning our second flat glass line in Egypt, we have also reached the final stage in our coated glass investment in India.

Today, our focus is to transform the capacity we have built in recent years into higher value added, sustainable profitability and growth. While bringing our new capacities online in the most efficient way, we are effectively utilizing our entire production network through the capacity allocation and operational optimization processes we are carrying out simultaneously. Thanks to our strong production infrastructure, global operations network, R&D and technology capabilities, and diversified product portfolio, we aim to reflect the contributions of the investments we have implemented more strongly in our results in the coming period."

New Capacity Online in Coated Glass and Energy Glass

Increasing urbanization, the need for energy efficiency and the renewal of the existing building stock continue to support demand for value-added glass solutions. Şişecam's recent investments in this direction are also strengthening the company's position in these areas.

Aiming to offer its customers faster and more competitive solutions with its new investments in coated glass and energy glass, Şişecam is also contributing to the development of domestic production capacity in certain product groups that were previously met largely through imports.

Contributions of Tarsus and Italy Investments Begin to Be Seen

Şişecam's Tarsus Energy Glass investment is creating new opportunities both domestically and in export markets with its products for the solar energy sector. Meanwhile, the company's coated glass operations in Italy and Bulgaria are strengthening its global position in value-added products.

More Predictable Market in the Soda Ash Market

In soda ash, one of Şişecam's main business areas, the effects of China-driven capacity increases on the market have reached a more balanced level. As the market attains a more predictable structure, the company continues to evaluate opportunities in the sector thanks to its strong global position and competitive cost structure.

The company is particularly focusing on the development of soda-based value-added products for the energy storage sector.

New Commercial Structure in the US

Positioning the US among its priority growth markets, Şişecam established Sisecam USA Trading to support its operations in the region. The new commercial structure, which will focus on the flat glass, energy glass and glassware business lines, aims to enable the company to be closer to its customers and evaluate opportunities in the US market more effectively.

Strong and Profitable Performance in Automotive Glass

Şişecam maintained its strong performance in the automotive glass business line. The collaborations it has developed with automotive manufacturers and sub-industry glass suppliers in a market with intense global competition were among the factors supporting the company's growth with profitability.

Disciplined Approach in Financial Debt Management

In a period when demand conditions have become more selective, Şişecam maintained its approach focused on efficiency, cost and financing management, and operational agility. Benefiting from the flexibility provided by its global production network, the company focused on preserving its competitiveness and financial resilience through disciplined practices in energy, logistics and working capital management.

About Şişecam

Established in 1935 by Türkiye İş Bankası to contribute to the industrial development of the young Republic of Türkiye and to found Türkiye's glass industry, Şişecam continues the journey it started as a local initiative as a global player in the glass and chemicals sectors.

As the only global company operating in all core areas of glass, Şişecam ranks among the world's five largest producers in its sectors. Operating in 13 countries across four continents, including Türkiye, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia and Herzegovina, Russia, Georgia, Ukraine, Egypt, India and the US, the company operates in the fields of flat glass, glassware, glass packaging, chemicals, automotive, glass fiber, mining, energy and recycling.

Positioning innovation and technology at the center of its business, Şişecam delivers its products to customers in more than 150 countries through its competent supply chain. With 90 years of experience, qualified human resources and the use of smart technology, the company, which creates a difference in the areas in which it operates, continues its work with nearly 23,000 employees in line with its goal of being among the world's top three producers in its main business areas.

Acting in line with the United Nations Sustainable Development Goals within the scope of its CareForNext strategy, Şişecam aims to contribute to the sustainability of the glass and chemicals sectors with the perspectives of protecting the planet, empowering society and transforming life.