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 year thanks to our competencies acquired through the One Sisecam transformation and our 88 years of industry experience. In 2024, Sisecam plans to further grow and develop. This year, almost half of the global population will go to the polls. Compliance with constantly changing regulations will gain importance. High inflationary pressure and geopolitical risks are expected to persist throughout the year. At Sisecam, we believe that we will make a difference thanks to our well-qualified human resources, solid investments, and use of smart technology. Sisecam aims to focus on artificial intelligence, renewable energy, and its sustainability approach across all its business operations and decision-making processes."

ISTANBUL, Türkiye, March 06, 2024 (GLOBE NEWSWIRE) -- Sisecam, a global player in the glass and chemicals industries, is moving forward on its growth journey that creates sustainable value. Sisecam announced its financial results for 2023, reporting consolidated net sales of TRY 152 billion and total exports (from Türkiye) of TRY 31.7 billion. International sales – the sum of exports from Türkiye and sales from production outside Türkiye – accounted for 60% of Sisecam's consolidated sales for the year. The company produced 5.2 million tons of glass, 4.7 million tons of soda ash, and 3.7 million tons of industrial raw materials in 2023.

Sisecam Chairman and Executive Member of the Board of Directors Prof. Dr. Ahmet Kırman stated, "In 2023, the effects of macroeconomic volatility and geopolitical risks continued. High inflation remained on the global agenda. Despite these challenges, Sisecam continued to realize its investments in 2023 thanks to its solid financial structure, robust financial policy, strategic decisions, and efficiency-oriented production. In 2023, we ignited Sisecam's first auto glass-dedicated float line in Lüleburgaz. We made cold repair investments in our furnaces in Georgia, Egypt, and India to modernize their technologies and boost their efficiency. We became a partner in ICRON, a Turkish technology company that provides operational and strategic decision optimization services. Our investment decisions gave Sisecam new strengths and capabilities. This in turn helped us successfully close a challenging year thanks to our competencies gained through One Sisecam transformation and our 88 years of industry experience. In 2024, more than half of the world's population will go to the polls. Compliance with ever-changing regulations will gain importance. High inflationary pressure and geopolitical risks are expected to persist. But Sisecam will move forward on its sustainable growth journey thanks to its well-qualified human resources and use of smart technology."