Sisecam doubles Egypt flat glass capacity to two production lines

EGYPT – Sisecam has doubled its flat glass capacity in Egypt to two production lines after commissioning a new line on 21 October 2026, adding industrial capacity in a region where the company and its partner expect stronger demand.

The investment is held through Sisecam Investment B.V., in which Sisecam owns a 30 percent stake in the Egyptian joint venture. 

TipRanks said the project should support local production and export capabilities, though the announcement gave no earnings forecast. 

The expansion adds capacity in a market where packaging, construction and automotive demand for flat glass continues to develop, with Egypt functioning as a manufacturing base serving both domestic customers and regional export markets.

Second-Quarter EBITDA Margin Falls to 2.40 Percent

The latest reported figures show why investors are weighing capacity growth against profitability. In the second quarter of 2026, Sisecam reported TRY 60.8 billion (US$1.44 billion) in net sales and TRY 3.35 billion (US$79.3 million) in net income attributable to the parent, according to Rota Borsa. 

The same review cited a consolidated EBITDA margin of 2.40 percent, down from 16.50 percent a year earlier. 

For the first half of 2026, net sales were TRY 122.3 billion (US$2.89 billion), down 8.00 percent year over year, while net income attributable to the parent reached TRY 5.37 billion (US$127.1 million), up 2.00 percent.

Monetary Position Gain Supports Earnings

Rota Borsa attributed the earnings increase partly to a TRY 16.99 billion (US$402.1 million) net monetary position gain, while first-half operating profit was TRY 10 million (US$236,700).

Turkey’s inflationary accounting environment has generated substantial monetary gains and losses for companies holding different asset and liability mixes, complicating comparisons between reported earnings and underlying operational performance.

Timeline Links Results, Architectural Launch and Egypt Commissioning

On 14 August 2026, Sisecam reported second-quarter and first-half results ending 30 June, with TRY 60.8 billion (US$1.44 billion) in quarterly net sales, according to MarketScreener.

On 9 October 2026, the company presented its US architectural glass portfolio at GlassBuild America, including coated glass and bird-friendly solutions. On 21 October 2026, the second Egyptian flat glass line was commissioned, lifting the local line count to two.

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