Industry Revenues:

• Glass production: approx. 50%
• Chemicals: approx. 30%
• Packaging: approx. 20%

TOP 3 Markets:

• Turkey: approx. 40%
• Germany: approx. 25%
• Russia: approx. 15%

Türkiye Sise Ve Cam Fabrikalari A.S., also known as Sisecam, is a leading company in the glass and chemical industry. The majority of revenues come from glass production, followed by chemicals and packaging.

Turkey remains the largest market for Sisecam, attributed to its strong local presence and high demand for construction and packaging glass. Germany and Russia are also significant markets benefiting from the company's strategic expansion and trade relationships.

Production Sites: Turkey, Bulgaria, Russia, Italy, Germany, India, Egypt, Spain, Hungary, Georgia

Türkiye Sise Ve Cam Fabrikalari A.S., known as Sisecam, is a leading glass manufacturer with a broad international presence. The company produces its products in several countries, including Turkey, where it is headquartered.

In addition, Sisecam has production facilities in Bulgaria, Russia, Italy, Germany, India, Egypt, Spain, Hungary, and Georgia. This geographical diversification enables the company to efficiently access different markets and optimize its supply chains.

Sisecam operates in various segments, including flat glass, glass packaging, glassware, and chemicals, which necessitates its production sites in different regions to serve the demand in these markets.

Revenue Growth: Estimated at 10-12% annually (2026, based on historical data and market analysis)

Investments in Research and Development: Increase by 20% (2025 compared to 2024)

Türkiye Sise Ve Cam Fabrikalari A.S., also known as Sisecam, pursues a growth strategy based on diversification and innovation. The company is increasing its focus on research and development to develop new products and enhance existing product lines. This enables it to flexibly respond to changing market demands and tap into new market segments.

Another key focus is on geographical expansion. Sisecam plans to expand its presence in international markets, particularly in regions with high growth potential such as Asia and Africa. This expansion is supported by strategic partnerships and acquisitions to leverage local market knowledge and distribution networks.

Additionally, Sisecam is prioritizing sustainability and efficiency improvements in production to achieve both ecological and economic benefits. This includes investments in eco-friendly technologies and optimizing production processes to reduce costs and enhance competitiveness.

Main raw materials: Soda, limestone, dolomite, sand

Import countries: USA, Russia, Egypt, Italy

Türkiye Sise Ve Cam Fabrikalari A.S., also known as Sisecam, is a leading glass manufacturer that requires a variety of raw materials for glass production. The main raw materials include soda, limestone, dolomite, and sand. These materials are essential for the production of flat glass, glass packaging, and other glass products.

Sisecam mainly imports soda from the USA, as there are large deposits and an efficient production infrastructure available there. Limestone and dolomite are often sourced from Russia and Egypt, where these raw materials are available in high quality and quantity. Sand, another crucial raw material, is frequently imported from Italy, known for its high-quality quartz sand deposits.

These import strategies enable Sisecam to source high-quality raw materials at competitive prices, which is crucial for maintaining their production capacities and product quality.

Market share in Turkey: approx. 70% (2023)
International presence: in over 150 countries (2023)
R&D investments: approx. 3% of revenue (2023)

Türkiye Sise Ve Cam Fabrikalari A.S. (Şişecam) has a significant competitive advantage, especially through its dominant market position in Turkey, where it holds about 70% of the market share. This strong position enables the company to effectively control its pricing and product availability.

Internationally, Şişecam is present in over 150 countries, highlighting its global reach and ability to diversify. This international presence helps the company benefit from different markets and spread risks.

Additionally, Şişecam continuously invests in research and development, accounting for approximately 3% of its revenue. These investments support the company's innovation capabilities and strengthen its position through the development of new products and technologies.

Overall, the combination of strong market presence, international expansion, and innovation capabilities gives Şişecam a significant competitive advantage in the glass and chemical industry.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant changes in the last year (estimated for 2026)

The institutional investor share in Türkiye Sise Ve Cam Fabrikalari A.S. is estimated to be around 45%. This suggests that a significant portion of the shares is held by large financial institutions, indicating a certain level of confidence in the company's stability and growth potential.

Regarding insider buys and sells, there have been no significant changes in the last year. This could indicate that the management and other insiders are satisfied with the current company strategy and future prospects. Such information is important as it is often seen as an indicator of executives' confidence in the company's future development.

Market share of Türkiye Sise Ve Cam Fabrikalari A.S.: 12% (estimated for 2026)

Top competitors and their market shares:

1. Saint-Gobain: 18%
2. AGC Inc.: 15%
3. Guardian Industries: 14%
4. Türkiye Sise Ve Cam Fabrikalari A.S.: 12%
5. Nippon Sheet Glass Co., Ltd.: 10%
6. Corning Incorporated: 8%
7. Schott AG: 7%
8. Vitro, S.A.B. de C.V.: 6%
9. Asahi Glass Company: 5%
10. Pilkington: 5%

Moat of Türkiye Sise Ve Cam Fabrikalari A.S.:

Türkiye Sise Ve Cam Fabrikalari A.S. has a moderate moat, mainly supported by its strong regional presence and vertical integration in glass production. The company benefits from a diversified product range, including both architectural glass and specialty glass, providing it with some resilience to market fluctuations.

Compared to its competitors, Saint-Gobain has a stronger moat due to its broader global network and greater product diversification. AGC Inc. and Guardian Industries also have significant advantages through technological innovations and strong brand recognition.

Overall, Türkiye Sise Ve Cam Fabrikalari A.S. has a solid but not outstanding moat compared to industry leaders. To enhance its market position, the company could invest in technological innovations and international expansion.

Revenue growth: 10% (2025) EBITDA margin: 25% (2025) Market share in the glass industry: 15% (2025)

Türkiye Sise Ve Cam Fabrikalari A.S., also known as Sisecam, has experienced solid revenue growth of 10% in recent years, attributed to strong demand in the glass industry and successful expansions into new markets. The EBITDA margin of 25% demonstrates an efficient cost structure and strong operational performance.

The company holds a significant market share of 15% in the glass industry, highlighting its position as one of the leading players in this sector. This market position enables Sisecam to benefit from economies of scale and remain competitive.

Additionally, Sisecam continuously invests in research and development to develop innovative products and optimize its production processes. These strategic initiatives could further strengthen the long-term growth potential and position the company advantageously for future market opportunities.

Considering these factors, the stock of Türkiye Sise Ve Cam Fabrikalari A.S. appears to be an attractive investment opportunity, especially for investors interested in a stable and growth-oriented company in the glass industry.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Steady payout over the past five years

Türkiye Sise Ve Cam Fabrikalari A.S., also known as Şişecam, has pursued a reliable dividend policy in recent years. The company has regularly distributed dividends, indicating a stable financial position and solid business development.

The estimated dividend yield of 4.5% for 2026 shows that Şişecam continues to strive to involve its shareholders in the profits. The continuity of payouts in recent years speaks to the reliability of the dividend policy. Analysts expect the company to continue its dividend policy in the future, provided there are no significant economic or company-specific challenges.