Şişecam will invest approximately 255 million Euros in a factory with a capacity of 330 thousand tons in Hungary.
According to the statement made by Şişecam to the Public Disclosure Platform, the investment amount of the factory to be established in order to evaluate the opportunities in the European market will be approximately 255 million Euros, including the working capital.
In the statement, it was stated that it was decided to make the first glass packaging factory investment in Europe in Hungary and to establish a company with 100% shareholding in Hungary in order to realize the investment.
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In the statement, it was stated that “The first furnace of our first glass packaging facility investment in Europe will start operating in 2023 and the facility will reach full capacity by 2025, and with this glass packaging facility investment to be realized, it is aimed to meet the increasing glass packaging demand in both Hungary and Europe.”
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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