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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Türkiye : € 60,000,000
    Energy : € 18,000,000
    Industry : € 42,000,000
    Signature date(s)
    8/11/2005 : € 18,000,000
    8/11/2005 : € 42,000,000
    Link to source

    Summary sheet

    Release date
    25 May 2005
    Status
    Reference
    Signed | 08/11/2005
    20040628
    Project name
    Promoter - financial intermediary
    Siseçam Glass Manufacturing
    Türkiye Sise ve Cam Fabrikalari A.S.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 50 million
    Approximately EUR 150 million
    Location
    Sector(s)
    Description
    Objectives

    The project encompasses the establishment of a float-glass manufacturing line in Yenisehir, located in the South-Eastern Marmara region, as well as a new heat and power co-generation plant in the Mersin Soda Ash facilities of the group.

    The Promoter is the largest glass manufacturer in Turkey and a successful exporter. The project will contribute to the capacity expansion and modernisation of its production facilities, thus creating new jobs and increasing the quality of glass products, which are used as industrial input mainly for construction and automotive sectors.

    Environmental aspects
    Procurement

    The project is required to comply with the relevant national legal framework and be in line, as appropriate, with the EU Environmental policy and legislation. A review of environmental issues and procedures will be undertaken during appraisal.

    Procurement regulations do not apply to this private industry project.

    Comments

    Glass manufacturing industry

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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