Turkey-based Şişecam Group has opened a GlassCorp automotive glass facility in Romania with an $80.8 USD million investment (€65 million in Euros). The company acquired Romanian-based GlassCorp SA in 2012.
The new facility has the capacity for 800,000 tool sets annually and it is equipped with advanced technology, according to officials.
“Driving half of its sales income from international markets, our group has manufacturing operations in 13 countries across a vast geographical area ranging from Russia to Germany and from Egypt to India,” says Ahmet Kırman, Şişecam Group vice chairman and CEO. “We are a global group with our more than 20,000 employees, sales extending to almost 150 countries and sales revenue of more than $3.1 billion USD. We are on track to become one of the three largest global manufacturers in line with our vision for 2020.
“Our sales revenue has reached $1 billion USD in flat glass thanks to our recent investments made in line with our organic and inorganic growth plans,” he adds. “Today we are proud to introduce everyone to one of our important investments in automotive glass, which is a strategic business line for Şişecam.”
He went on to note, “This investment is one of the most important steps taken towards the development of automotive supply and glass industries in Romania, and will gain even further strength with the long-established, friendly and cooperative relations between Romania and Turkey.”