President Recep Tayyip Erdoğan attended the opening ceremony of Turkish glassmaker Şişecam's new production lines at its Polatlı factory in Ankara on September 13.
President Erdoğan praised Şişecam's investments, naming the company as one of Turkey's most prestigious enterprises.
“As an administration that views the private sector as the engine of economic growth and development, we will continue to stand with our investors who believe in Turkey's potential and trust our economy," President Erdoğan said.
The company will invest more than USD 474 million in its new float glass lines and will produce glass for architectural and automotive industries, Şişecam Chairman Ahmet Kirman announced on the ceremony.
Kirman also announced a USD 711.3 million investment plan until 2023, adding that the company's total investment in the previous five years has been around USD 1.185 billion.
Şişecam manufactures glass in 14 countries across four continents and exports products to over 150 countries.