Glass Industry News

Şişecam Group makes an offer to acquire its second flat glass plant in Italy

A NEW MOVE FROM ŞİŞECAM, EUROPE’S LARGEST FLAT GLASS PRODUCER

In addition to new investment projects, Şişecam Group continues to seize inorganic growth opportunities. Europe’s largest flat glass producer Şişecam has submitted an offer for the acquisition of the Sangalli Group’s Sangalli Manfredonia facilities in southern Italy, in a move to own a second flat glass plant in the country. Şişecam Group paid around EUR 85 million in 2016 to acquire the same group’s Sangalli Porto Nogaro facilities in northern Italy.

Commenting on the acquisition offer, Şişecam Group Vice Chairman and CEO Prof. Ahmet Kırman made the following statement: “We expect strategic benefits in terms of our European flat glass operations by acquiring the Sangalli Manfredonia plant, which enjoys a favorable geographical location and offers an annual production capacity of 190,000 tons. The Porto Nogaro plant, which we acquired in November 2016 has made a significant contribution to our competitiveness in the European market. If we finalize the acquisition operation for the Sangalli Manfredonia plant, we will further consolidate our European leadership while doubling our flat glass production capacity in Italy. Our group is currently the largest Turkish investor in Italy, and completing the planned acquisition will further improve that leading position, and we will also become one of the largest flat glass producers of Italy.”

A leading global player in all main areas of the glass industry including flat glass, glassware, glass packaging and glass fiber, as well as the soda and chromium compounds businesses, Şişecam Group continues to seize inorganic growth opportunities in addition to new investments. Currently the largest flat glass producer of Europe, the group now made a move to own a second flat glass factory in Italy, after acquiring the Sangalli Porto Nogaro plant in 2016.

Trakya Cam Sanayii A.Ş., a Şişecam Group company, has submitted an offer as part of the tender for the sale of Italy-based flat glass producer Sangalli Group’s Sangalli Manfredonia plant in Monte Sant’Angelo. The tender process is expected to be completed in the coming months. The 190,000 tons/year flat glass plant in southern Italy also operates a 4 million m2/year lamination line, a 4 million m2/year coating line, and a 1.5 million m2/year satin line. In 2016, Şişecam Group acquired the Sangalli Group’s Sangalli Porto Nogaro plant in northern Italy for around EUR 85 million.

Commenting on the offer, Şişecam Group Vice Chairman and CEO Prof. Ahmet Kırman said: “We are active in the four main segments of flat glass, glassware, glass packaging, and chemicals. We are aware that we cannot achieve our strategic targets through organic growth only. Thus, inorganic growth is important for us, especially outside Turkey. In accordance with our investment policy focusing on sustainable growth and high performance, we make continuous efforts to seize all potential opportunities including acquisitions, joint ventures and other forms of cooperation. Our offer for the Italian flat glass producer Sangalli Manfredonia is a result of these proactive and careful efforts.”

“We will further consolidate our European leadership while doubling our flat glass production capacity in Italy”

Stating that Şişecam Group was engaged in production in 13 countries Ahmet Kırman added: “We have been active in the Italian chemicals business through Cromital SpA for many years. In 2016, we added flat glass to our Italian business by acquiring Porto Nogaro. This purchase generated significant synergies with our flat glass operations in Bulgaria, thus considerably contributing to our competitiveness in Europe. We expect strategic benefits in terms of our European flat glass operations by acquiring the Sangalli Manfredonia plant, which enjoys a favorable geographical location and offers an annual production capacity of 190,000 tons. If we finalize the acquisition operation for the Sangalli Manfredonia plant, we will further consolidate our European leadership while doubling our flat glass production capacity in Italy. Our group is currently the largest Turkish investor in Italy, and completing the planned acquisition will further improve that leading position, and we will also become one of the largest flat glass producer of Italy.”

“In addition to its 190,000 tons/year flat glass production capacity, Sangalli Manfredonia plant also offers lamination and coating lines. The planned acquisition of the Manfredonia plant will further improve the competencies of our Italian flat glass operations. These lines will allow us to expand our product range, and become the largest architectural glass producer in the Italian market,” Kırman added.

09.02.2018, Şişecam Group

Les informations publiées sur notre portail sont soumises au droit d´auteur et appartiennent à la société en question resp. à la source des nouvelles. Tous les droits sont réservés expressément. N´importe quel utilisateur qui accède à un tel matériel peut faire ainsi seulement pour sa propre utilisation personnelle, et l´usage d´un tel matériel est au risque unique de l´utilisateur. La redistribution ou toute autre exploitation commerciale d´un tel matériel de nouvelles est expressément interdite. Là où un tel matériel de nouvelles est fourni par un tiers, chaque utilisateur accepte d´observer et être lié par les limites spécifiques de l´utilisation s´appliquant à un tel matériel de nouvelles. Glass Global ne représente ou n´approuve pas l´exactitude ou la fiabilité d´aucune des informations citées dans les nouvelles ou pages externes auxquelles on se réfère ici.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.


Info Grid

Global Hollow Glass Market Study

Hollow Glass Market Study

Info

Votre accès aux nouvelles certaines sur l´industrie du verre internationale. Aujourd´hui nous y offrons 14 rapports. Au total, il y a 7809 nouvelles de 1002 sociétés.


Bulletin

We issue a monthly Newsletter with current information about the industry segment and new developments. Click the button below to request your personal issue free of charge.

free subscription




Updated worldwide glass market study 2018 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2018.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.