reports
Sisecam Produces The World’s Lightest Whisky Glass Bottle
Sisecam Produces The World’s Lightest Whisky Glass Bottle Sisecam, the only global company operating in all core areas of glass, has partnered with Johnnie Walker to produce the world’s lightest 70cl handblown Scotch whisky glass bottle ISTANBUL, Oct. 01, 2024 (GLOBE NEWSWIRE) -- As a global player in the glass and chemicals industries, Sisecam continues to develop its innovation capabilities and collaborative culture with its partners. Sisecam has handcrafted the lightest glass whisky bottle for the prestigious whisky brand Johnnie Walker. Johnnie Walker Blue Label Ultra with its exclu...
Sisecam's First-Half Net Sales Reached 86 Billion TRY
Sisecam's First-Half Net Sales Reached 86 Billion TRY With production operations spanning 14 countries on four continents and sales in over 150 countries, Sisecam continues its global operations. In the first half of 2024, Sisecam recorded consolidated net sales of TRY 86 billion. During this period, international sales accounted for 61% of Sisecam's total sales, while the company’s total investments reached TRY 11 billion and exports totaled USD 492 million. ISTANBUL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Sisecam announced its financial results for the first half of 2024. In this per...
Sisecam's net sales reached TRY 41 billion in the first 3 months of th...
Sisecam's net sales reached TRY 41 billion in the first 3 months of the year Sisecam Reported TRY 4.3 Billion Capital Expenditures in the First 3 Months of 2024 ISTANBUL, June 03, 2024 (GLOBE NEWSWIRE) -- Sisecam is actively pursuing global growth with production operations spanning 14 countries on four continents and sales in over 150 countries. In the first 3 months of 2024, Sisecam recorded consolidated net sales of TRY 41 billion (USD 1.3 billion). In the first 3 months of the year, international sales accounted for 61% of Sisecam’s total sales. Sisecam reported total investments of...
Sisecam’s $1.1 Billion Eurobond Issues Receive Over $3.5 Billion in De...
Sisecam’s $1.1 Billion Eurobond Issues Receive Over $3.5 Billion in Demand High Demand for Sisecam’s Eurobond Issues A global player with production activities spread across four continents in 14 countries, Sisecam has issued a total of $1.1 billion in Eurobonds, consisting of $500 million with a 5-year term and $600 million with an 8-year term, to international funds and financial institutions. These Eurobond issues received demand exceeding $3.5 billion. This marked the highest demand for the largest corporate bond issue in the history of the Republic of Turkey. ISTANBUL, Turkey, A...
Sisecam Reported a Net Sales of TRY 152 Billion in 2023
Sisecam Reported a Net Sales of TRY 152 Billion in 2023 Sisecam announced its financial results adjusted according to inflation accounting for 2023. The global giant, with production activities spread across 14 countries on four continents recorded TRY 152 billion of consolidated net sales for the previous year. International sales accounted for 60% of Sisecam's total sales. Sisecam reported total investments of TRY 21 billion and exports of TRY 31.7 billion. Sisecam Chairman and Executive Member of the Board of Directors Prof. Dr. Ahmet Kırman stated, "We successfully closed a challenging...
- Egor Fedorov
- James Wilson
EM Credit Spark/Trade ideas update
Supply has re-emerged as a key theme to start the year, while sentiment has been mixed amid renewed volatility in core rates. In this environment, we would prefer to be positioned in higher-quality names that have either issued already or shown spread weakness in anticipation of supply.
Sisecam Finalizes Its Partnership Agreement With ICRON
Sisecam Finalizes Its Partnership Agreement With ICRON Sisecam has finalized its partnership agreement with ICRON, a Turkish technology company that provides decision optimization services at operational and strategic levels ISTANBUL, Turkey, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Sisecam Investment B.V., a wholly-owned subsidiary of Sisecam, purchased shares in the Turkish technology company ICRON at the closing general meeting held on January 15, 2024. Sisecam Investment B.V. General Meeting was attended by Sisecam Chairman and Executive Member of the Board Prof. Dr. Ahmet Kırman, Sisecam ...
Sisecam Celebrates its 88th Year Anniversary
Sisecam Celebrates its 88th Year Anniversary Sisecam, a global player in the fields of glass and chemicals, is celebrating its 88th year anniversary ISTANBUL, Turkey, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Sisecam, a global player in the fields of glass and chemicals, is celebrating its 88th year anniversary. Inspired by the visionary leadership of Mustafa Kemal Atatürk, who founded Sisecam, the company leads its industries with innovation and unity striving to excel and make a positive impact every day. The company started its growth journey with a single facility in Turkey and 400 emp...
Chairman of Sisecam, One of The Largest Soda Ash Investors in the USA,...
Chairman of Sisecam, One of The Largest Soda Ash Investors in the USA, Honored With Prestigious Award Sisecam Chairman Prof. Dr. Kirman Presented with 'Glass Person of the Year' Award ISTANBUL, Turkey, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Sisecam, approaching its goal of becoming the world's largest soda ash producer with its investments in the USA, saw its Chairman and Fully Authorized Executive Member of The Board of Directors Prof. Dr. Ahmet Kirman receive the 'Glass Person of the Year' award for his contributions to the development of the global glass industry. This prestigious award –...
Sisecam Reported Investments of TRY 7.1 Billion in the First Half of 2...
Sisecam Reported Investments of TRY 7.1 Billion in the First Half of 2023 Sisecam increased its net sales to TRY 58 Billion in the first half of the year ISTANBUL, Turkey, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Sisecam is actively pursuing global growth with its production operations spanning 14 countries on four continents and sales in over 150 countries. Sisecam recorded consolidated net sales of TRY 58 Billion (USD 2.9 Billion) in the first half of 2023. The share of Sisecam’s international sales accounted for 64% of its total sales. For the first half of the year, Sisecam posted total in...
Sisecam Starts Discussions to Invest in Icron
Sisecam Starts Discussions to Invest in Icron Sisecam Accelerates its Growth Journey Focusing on Data, Technology and Digitalization ISTANBUL, Turkey, June 07, 2023 (GLOBE NEWSWIRE) -- Sisecam took the first step to enter a new business field which promises high potential to bolster its holistic digitalization and operational excellence efforts. Sisecam has signed a letter of intent to become an investor in Turkish technology company ICRON - an optimization platform service provider to numerous sectors for strategic and operational decision making. This initial investment that Sisecam ...
Sisecam Chairman Cavaliere Prof. Dr. Ahmet Kirman is Elected “The Glas...
Sisecam Chairman Cavaliere Prof. Dr. Ahmet Kirman is Elected “The Glass Person of the Year 2023” Cavaliere Prof. Dr. Ahmet Kirman, Sisecam Chairman and Executive Member of the Board is elected The Glass Person of the Year 2023 by the Phoenix Award Committee for his long-term, significant and valuable contributions to the glass industry. ISTANBUL, Turkey, May 02, 2023 (GLOBE NEWSWIRE) -- Sisecam’s Chairman and Executive Member of the Board Cavaliere Prof. Dr. Ahmet Kirman has been honored for his long-term valuable contributions to the glass industry and elected The Glass Person of the y...
- Ece Mandaci
Sisecam
Sisecam shares gained 231% and outperformed the BIST 100 by 21% and Saint Gobain by 178% since January 2022. The successful execution of pricing/cost, notable improvement in margins, and the perception of being an FX play were instrumental in the outperformance during 2022. However, we remain more cautious on 2023 prospects, after a high base, due to the easing of glass/chemicals pricing, along with the downtrend in energy costs. Additionally, we revise down net earnings estimates due to expecta...
- Egor Fedorov
- James Wilson
- Oleksiy Soroka
- CFA
Sisecam Boosted Its Sales to TRY 95.3 Billion in 2022
Sisecam Boosted Its Sales to TRY 95.3 Billion in 2022 ISTANBUL, Turkey, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Founded by world-renowned leader Atatürk, Sisecam - a global player in the glass and chemicals industries is moving forward on its growth journey. Sisecam adds sustainable value with its production activities in 14 countries on four continents and sales in more than 150 countries worldwide. According to year-end financial results for 2022, Sisecam's consolidated net sales reached TRY 95.3 billion (USD 5.8 billion). In the same period, international sales accounted for 63% of Sisecam's...
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