Sisecam Group acquires its second flat glass manufacturing facility in Italy
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 inorg...
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