Business news from Ukraine

Turkish glass products manufacturer Şişecam Group has been included in list of international sponsors of war

7 September , 2023  

The National Agency for the Prevention of Corruption (NAPC) has included Turkish Şişecam Group, which is the largest exporter in the Russian Federation in its industry, in the list of international sponsors of war, the press service of the NAPC reports.

The main areas of activity of the company are glass and chemical production. Şişecam Group is the world’s second largest producer of glassware, the fifth largest producer of glass containers and sheet glass, and a world leader in the production of soda ash and chromium-based chemicals.

Şişecam’s 2022 revenue increased to $3.6 billion and net profit to $740 million.

Since the start of Russian aggression in 2014, Sisecam Flat Glass has been producing architectural, construction and automotive glass in Russia at the Alabuga SEZ in the Republic of Tatarstan. In Russia, Şişecam’s consolidated production volumes of flat glass, glassware and glassware exceed 1.5 million tons per year, with total investments of $1.25 billion. The company provides jobs for 3,414 employees at its plants in Russia, thereby creating jobs and supporting the terrorist state’s economy.

In particular, Şişecam Group’s subsidiaries producing sheet glass, glassware and glass containers paid more than $11.2 million in taxes to the Russian Federation in 2022.

The NAPC release notes that there was no attempt to condemn Russia’s war against Ukraine from the company’s management.

Şişecam Group has two assets in Ukraine – Pivdenna Brewery LLC and Merefianska Sklana Kompaniya.

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