Şişecam to Invest in USA Port With Ciner Group

Şişecam to Invest in USA Port With Ciner Group

Şişecam plans to make a port investment in California together with Ciner Group to meet the logistics needs of its natural soda ash investment in the USA. Şişecam Chemicals USA will become a 50% shareholder of Denmar US, an entity that will operate the Stockton Port Management Project.

The investment is scheduled to start operations in 2027, in parallel with Şişecam's natural soda ash investment, which is planned to be gradually commissioned by 2028. It will help secure sustainable growth by establishing a supply chain structure to achieve the company's natural soda ash export targets.

Prof. Dr. Ahmet Kırman, Şişecam Chairman and Executive Member of the Board of Directors: “Today, natural soda ash production is one of Şişecam's most profitable business areas. We are planning a gradual commissioning of the 5 million ton annual capacity of natural soda from the Pacific Project, which is currently underway and on schedule for completion gradually by 2028. At that time, the total production capacity of the Şişecam–Ciner partnership in the USA will climb to 7.5 million tons per year. Multi-port access is key to reducing the cost of accessing international markets, facilitating management of the operation, and eliminating risks arising from the supply chain. As a result, we decided to partner with the California-based Stockton Port Management Project, for which Denmar US has already completed the required permit and license process. The Stockton Port Management Project is planned to expand its annual capacity from 3 million tons in 2027 to 5 million tons by 2029.”

www.sisecam.com.tr

Image: 
Prof. Dr. Ahmet Kırman, Şişecam Chairman and Executive Member of the Board of Directors.
Published: 
30/03/2023

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