At Şişecam Board of Directors meeting dated 13 September 2021, in line with the Company's goal of meeting rapidly growing glass demand in Turkey and creating sustainable value for all its stakeholders, it was decided to carry out two new float line investments exceeding 4 billion TL in architectural glass and automotive industry-dedicated glass production. Upon the completion of the investments, Şişecam's annual float glass production capacity located in Turkey will increase by 30% to 2.6 million tons per year. In order to meet the rapidly increasing demand for flat glass, the greenfield architectural glass float line investment, with a production capacity of 1,200 tons/day, is planned to be commissioned within 24 months. The automotive industry-dedicated line, with a daily production capacity of 750 tons, is planned to be ignited within 18 months.

Upon the completion of the new automotive industry-dedicated line, Şişecam aims to shift Kırklareli TR1 Float line's production, which is currently manufacturing for automotive industry, to architectural glass by increasing the line's production capacity to 1,000 tons/day as well, during the cold repair phase, scheduled in 2024.

The press release addressing the investments mentioned above can be found attached.