Şişecam glass recycling in Turkey
The EBRD stepped up its cooperation with Turkish glass producer Şişecam in 2016 by acquiring a minority stake in Şişecam Çevre Sistemleri A.Ş., a newly established recycling arm of Şişecam, and extending a €40 million loan to finance glass recycling equipment and energy efficiency investments.
The Bank also mobilised an €2 million loan from the Clean Technology Fund, a funding window of the Climate Investment Funds, as well as EU grants.
The investment will support Şişecam’s efforts to boost glass recycling in Turkey and contribute to a more competitive, resource-efficient circular economy.
With over 21,000 employees, production in 13 countries, and sales in as many as 150 countries, Şişecam Group is a global actor in business fields including all main areas of glass such as flat glass, glassware, glass packaging and glass fibre, as well as soda and chrome compounds. Şişecam is the third largest glassware, fourth largest glass packaging and fifth largest flat glass manufacturer in the world in terms of production capacity.