Şişecam, a global leader in the glass and chemicals sectors, has announced its financial results for the first quarter of 2026. Demonstrating operational resilience amidst macroeconomic challenges and geopolitical tensions, the company achieved net sales of TRY 57.5 billion in the first three months of the year. With international sales accounting for 61 percent of total revenue, the industrial giant realized TRY 5.7 billion in investments and USD 228 million in exports during the same period.
Robust Production Performance Sustained
Şişecam maintained its strong momentum in industrial raw materials and glass production throughout the first quarter. The company’s production figures by segment are as follows:
1.3 million tons of glass production,
1.1 million tons of soda ash production,
0.9 million tons of industrial raw materials production.
"2026: A Year of Testing Resilience"
Evaluating the global economic outlook, Şişecam CEO Can Yücel noted that despite inflationary pressures and energy supply concerns, the company has not compromised on its disciplined management approach. Yücel shared the strategy for the period:
The year 2026 began under the influence of geopolitical developments and ongoing inflationary pressures. This landscape highlighted the need for companies to establish more resilient and flexible structures. Leveraging our global positioning, Şişecam continues its technology-driven transformation while accelerating energy efficiency and cost optimization programs.
Strategic Investment Moves in Europe and Türkiye
Critical facilities supporting medium- and long-term growth were commissioned in the first quarter. Test production began at the first glass packaging plant in Kaposvár, Hungary. Furthermore, with two new coating lines commissioned at flat glass facilities in Bulgaria and Italy, Şişecam has doubled its coating capacity in Europe.
Locally, the TR9 line was commissioned at the greenfield flat glass investment in Tarsus, creating an annual gross production capacity of 432,000 tons. This move has established Tarsus as one of the world's largest flat glass production complexes. Additionally, the completion of cold repairs at the Northern Italy plant contributed EUR 25 million positively to EBITDA levels through capacity optimization.
Financial Discipline: USD 1.7 Billion Eurobond Demand
Şişecam reaffirmed international investor confidence in its cash management and liquidity. A USD 500 million Eurobond issuance, executed through its UK-based subsidiary, received a robust demand of USD 1.7 billion. This transaction has further fortified the company's financial immunity against global uncertainties.
Future Outlook: Efficiency and Value-Driven Growth
Emphasizing that profitability will remain the priority for the remainder of the year, Can Yücel stated the goal of transforming the portfolio into a more rational and value-added structure. Backed by 90 years of experience, the company aims to continue making a difference in global competition through customer-centricity and financial discipline.
