Şişecam (official name: Türkiye Şişe ve Cam Fabrikaları) is a Turkish glass manufacturing company. In the 2020 fiscal year, the company operated 43 plants in 14 countries. In terms of production capacity, Şişecam is the largest flat glass manufacturer in Europe and the world's second-largest manufacturer of glass household goods such as drinking glasses according to its own estimates.[1] The product range is supplemented by the production of packaging glass.[2] The company is part of the BIST 100 index of the 100 largest companies listed on the Istanbul Stock Exchange by market capitalization. Around 50% of shares are owned by İşbank. Şişecam owns the Paşabahçe chain of retail glassware and homeware stores.<[3]
History
The company was founded following a decision by the Council of Ministers, which Kemal Atatürk was behind, in 1934. This decision entrusted Türkiye İş Bankası with the task of developing the Turkish glass industry.