IFC Invests in Şişecam to Support Its Innovation and Sustainability Goals

• Financing will help Şişecam expand production and further strengthen its financial position.
• Investment supports advanced flat and solar glass manufacturing in Tarsus and Mersin.
• Şişecam will pursue ambitious sustainability goals, including greater inclusion of women in management and more efficient water use.

İstanbul, Türkiye, January 20, 2026-IFC provided a financing package to Türkiye Şişe ve Cam Fabrikaları A.Ş. (Şişecam), one of the world's leading glass and chemicals producers. The investment will help Şişecam upgrade production facilities, refinance existing debt used to finance the new float and solar glass plant in Tarsus and strengthen working capital.

A key focus of the financing is the growth of flat and solar glass manufacturing in Tarsus and Mersin, which includes innovative solar glass that utilizes a unique raw-material mix to enhance efficiency in solar energy applications. This initiative contributes to the growth of renewable energy solutions and meets increased demand for solar glass, while also increasing the energy efficiency of existing plant operations. The investment is also aimed at strengthening environmental, social, and governance performance. As an incentive-based loan, Şişecam will work toward key performance indicators tied to increasing the representation of women in management, fostering diversity and inclusion, and reducing environmental impact through improved water efficiency.

"In line with our sustainable growth vision, we continue to support our investments with a strong and well-balanced financing structure. In the upcoming period, while maintaining our focus on financial discipline, we are entering a phase in which we are beginning to see the results of the actions we have taken to spread the investment-related debt over the most favorable maturities," said Can Yücel, Şişecam's CEO. "This agreement with IFC is not only a sign of the confidence that international financial institutions place in Şişecam, but also an important component of our strategy to strengthen our financial structure. We will continue to move forward in line with our long-term value creation goals by sustainably supporting our investments in Türkiye."

"This landmark financing package reflects over half a century of IFC's partnership with Şişecam, supporting expansion, job creation, and innovation in the global glass and chemicals industries," said Ashruf Megahed, IFC Regional Industry Head for Manufacturing, Agribusiness, and Services in the Middle East and Central Asia. "Our collaboration with Şişecam exemplifies how partnerships with the private sector can shape the future of the industry by enhancing competitiveness and advancing best practices in women's inclusion and environmental stewardship."

Şişecam employs more than 22,000 people across 43 production facilities in 12 countries, with a diversified footprint spanning Europe, the Middle East, North Africa, and the United States. Since 1970, IFC's partnership has helped drive Şişecam's expansion, resilience, and innovation, supporting job creation, exports, and sustainability in Türkiye and beyond.

Note to Editor

IFC's strategic collaboration helps Şişecam meet market demands and reinforce its leadership on the global stage. The €435 million financing package was arranged by IFC, with participation by a consortium of leading international banks, including Industrial and Commercial Bank of China, Emirates NBD Bank, BNP Paribas, HSBC, Bank of Bahrain and Kuwait, ILX, and Standard Chartered.

In addition to the financing package, and to support Şişecam's continued financial resilience, IFC also acted as anchor investor in Sisecam UK Plc's new seven-year, $500 million Eurobond issuance. Following the company's successful $1.5 billion Eurobond issuance in 2024, this targeted support will help refinance an upcoming Eurobond payment and strengthen working capital.

About Şişecam

Founded in 1935 by Türkiye İş Bankası to contribute to the industrial development of the young Republic of Türkiye, Sisecam was established to build Türkiye's glass industry. Over the decades, Sisecam has grown from a local initiative into a global player in glass and chemicals. As the only global company operating in all core areas of glass production, Sisecam ranks among the top five producers in its sectors.

Sisecam plays a pioneering role in flat glass, glassware, glass packaging, chemicals, auto glass, glass fiber, mining, energy, and recycling industries. By placing innovation and technology at the core of its operations, Sisecam delivers its products to customers in over 150 countries through its robust supply chain. With its CareForNext strategy, Sisecam works to ensure the sustainability of the glass and chemicals industries from the perspective of protecting the planet, empowering communities, and transforming lives in line with the United Nations Sustainable Development Goals. Learn more: www.sisecam.com/en

About IFC IFC - a member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit https://www.ifc.org.

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