Şişecam receives $70 million from IFC

Hurriyet Daily News
July 1, 2009
COMMERCIAL, FABRICATION

The International Finance Corp., the private sector financing arm of the World Bank Group, has announced it will provide $70 million in funding for Şişecam, Turkey’s largest glass factory.

Şişecam has a 90 percent market share in Turkey. The firm will use the money to invest further in its factories in Turkey and Bulgaria. The project includes investments to produce low-iron solar power glass as well as improve environmental impact and energy efficiency, according to a July 1 report in Hurriyet Daily News.
 



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