The glass manufacturer Sisecam will invest more than TRY 4bn (USD 474m) in float glass lines.
The two float lines will make glass for the architecture and automotive sectors, Sisecam Chairman Ahmet Kirman told an opening ceremony for the factory’s new production line in Polatli, Ankara, the country’s capital.
Kirman said Sisecam’s factory in Polatli now employs more than 300 workers, adding that the new float line, which will have a production capacity of 1,200 tons, will be one of the top five of its kind in the world.
He said the company has an investment plan of TRY 6bn (USD 711.3m) through 2023, noting the firm’s total investment in the last five years has been around TRY 10bn (USD 1.1bn).
President Recep Tayyip Erdogan, attending the opening ceremony, praised Sisecam’s investments.
He said Sisecam manufactures glass in 14 countries spread out over four continents and exports products to over 150 countries.
Erdogan said Sisecam’s latest TRY 1bn (USD 118.5m) investment has carried the company’s total capacity to 2 million tons, adding that the Polatli facility is the largest in Europe with 540,000 tons.
The president also stressed that the government has directed TRY 124m (USD 14.7m) of resources to Sisecam’s research and development work.