Sisecam increases glass packaging output by 10%

Sisecam increased its glass packaging production by 10% compared to the same period last year.

The Turkish-headquartered company reported a total glass packaging production of 658kt in the third quarter of 2024.

In Turkey, output rose by 13%, primarily driven by the fifth furnace at the Eskişehir glass packaging plant, which has been online since the second quarter of the year.

Its facilities in Russia recorded a total production growth of 5% compared to Quarter 3 2023.

Sisecam’s Turkish facilities represented 57% of total production, while Russia accounted for 40%, with the remainder produced in Georgia.

Its consolidated Glass Packaging segment registered an 11% sales volume growth in Q3 2024.

In Turkey, solid domestic sales performance continued with a 12% increase, mainly led by better-than-expected sales from new customers in the non-alcoholic beverage sector.

This compensated for deficiencies in the food and healthcare segments, alongside higher alcoholic beverage sector sales year on year.

On the export front, despite persistently weak demand in Europe and geopolitical issues in the Middle East, sales volumes grew by 5% supported by Şişecam’s strengthening position in Iraq.

In Russia, overall consumption improved thanks to a more favourable macroeconomic environment characterised by low unemployment and increased disposable income.

The beer segment performed well thanks to a shift in customers’ preference to beer from other premium alcoholic beverage categories.

It led to an 11% sales volume growth in its Russia-based facilities. The growth in domestic tourism also played a role in driving higher sales volume in Russia.

The glass manufacturer, which makes glass in architectural, glassware as well as raw material production, recorded an overall decreased revenue of 14% compared to the first nine months of 2023.