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Sisecam

Company Profile Analysis

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Sisecam - Chemicals & Materials showcase

Year Founded & Workforce

1935

22,000 Employees

Industry

Chemicals & Materials

Services

Sodium Bicarbonate
S

Sisecam Employee Contacts

3 verified contactsNames, job titles, seniority and locations

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Sisecam Overview

Company Headquarters: Istanbul, Turkey

Founded: 1935

Workforce: ~22,000

Company Working: Sisecam is involved in the manufacture and sale of glass and chemicals. Flat glass, coated glass, mirror glass, patterned glass, laminated glass, solar power glass, automotive glass, and encapsulated glass are all available from the company. It also sells chemicals like soda and chromium compounds, as well as industrial raw materials including glass fibre, vitamin K3, and sodium metabisulfite. Sisecam designs and manufactures glassware and glass packaging for a variety of industries, including medicines, food, drinks, and cosmetics. It also has a foothold in the mining and electric energy businesses. Sişecam Group operates in the four main business sectors of flat glass, glassware, glass packaging, and chemicals. The Group operates manufacturing plants in Turkey, Germany, Italy, Bulgaria, Romania, Slovakia, Hungary, Bosnia and Herzegovina, the Russian Federation, Georgia, Ukraine, Egypt, and India. The corporation has over 80 years of experience, 22,000 employees, 13 manufacturing plants, and sales in 150 countries.

Strategy

While striving to be among the top leading companies in all of its fields of operations, Sişecam aspires to be a global company, collaborating with business partners to develop innovative solutions to differentiate the company with high-end technologies and global brands while maintaining the utmost respect for people and the environment. According to Sişecam, it is a company that adds value to life through high-quality products that provide comfort while also respecting people, the environment, and the law.

Company Snapshot

$3,035.03M

Revenue

22,000

Employees

1935

Founded

Istanbul, Turkey

Headquarters

SWOT Analysis

Strengths

  • Significant industry experience with strong employee base
  • Complementary business segments
  • Strong local presence and network

Weaknesses

  • Limited presence in some of the major markets of American and Asian region
  • Declining market share due to increasing no. of competitors

Opportunities

  • Lowering of the cost of new product launches
  • Accelerated technological innovations and advances

Threats

  • Currency fluctuations especially given the volatile political climate in number of markets across the world
  • Commoditization of the product segment

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Key Developments

DateApproachDevelopment
June 2022ExpansionSolvay and Sisecam Unveil Sodium Bicarbonate Plant in Bulgaria. At the Devnya facility in Bulgaria, Solvay Sodi, a joint venture between Solvay and Sisecam, announced the outcome of another significant investment project. This development project boosts capacity for the production of sodium bicarbonate – a derivative of soda ash – at the facility by 200,000 tons.

Product Offering

  • Sisecam
    • Sodium Bicarbonate

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 3,035 Mn in 2019 to USD 2,796.6 Mn in 2021.
Sisecam — By Business Segment
Series (USD Mn)201920202021
Sales3,0352,893.22,796.6

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