Sisecam Projects Get Major Funding

Sisecam of Turkey has received significant funds from the International Finance Corporation (IFC) for float glass and glass packaging projects. A figure of $17.5M has been loaned to Ruscam, part of Sisecam, to secure its leading position in the growing Russian bottle market. It will be used to finance the installation of a third furnace and four bottle-forming lines, which will increase capacity to 975/tpd. The IFC is also providing Trakya Cam, the float glass division of Sisecam, with funding for a $100-110M float glass plant in north west Bulgaria. At full capacity it is expected to produce 200,000/tpa clear float glass. (whole item)