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 started negotiations on in the field of technology development, marks Sisecam's determination to invest in technology-focused, promising companies and projects. With this new step and approach, Sisecam signals that it will accelerate its growth journey centered around data, innovation, and digitalization.

Sisecam, a global player in the glass and chemicals industries, has signed a letter of intent to become an investor in ICRON, a Turkish technology company that provides optimization platform services to numerous sectors for their strategic and operational decision-making needs. Sisecam’s ongoing discussions on its initial investment in the field of technology development reflect the company's eagerness and appetite in innovative, technological, digital, and promising technology companies and projects. Differentiating with the smart technology usage and its competent human resources, Sisecam continues its uninterrupted growth by blending its unique experience gained during 88 years of corporate industrial history with its transformation efforts and promising investments.

While Sisecam continues to assess investment opportunities in different business areas to gain new strengths, the discussions initiated with ICRON represent a strategic step for the company to further enhance its transformation and digitalization efforts with diverse skills and perspectives. Sisecam defines itself as a technology company breaking new grounds with its experience and capabilities in different fields. Developing technology for its operations and businesses has always been a part of Sisecam’s working culture.

In 2018 Sisecam started a holistic transformation project in order to get ready for the future. This transformation journey is defined as “the most advanced SAP re-platforming project” in the world. Sisecam is also the first company in Turkey to carry out a foreign trade transaction with blockchain technology. Another pioneer initiative that Sisecam launched in line with its 'End-to-End Digital Treasury Management' target is the Digital Fraud Detection and Control System. Sisecam, the first company in Turkey to join the swift network by obtaining a corporate swift code, is also the winner of the Adam Smith Best Cyber ​​Security Solution Award in 2021, one of the most prestigious awards in this field. Sisecam received the Alexander Hamilton Digital Transformation Award in 2022 for its success in managing digital transformation projects, finding, and integrating technology solutions to solve problems in operational processes.