Project Description
The proposed project is to build a new float glass plant on a 100 ha greenfield site near the town of Targovishte, in eastern Bulgaria. The town of Targovishte with a population of about 50,000 is located about 300 km east of Sofia, about 120 km west of the major Black Sea port of Varna and about 250 km from the Bulgarian – Turkish border. The project involves a capital investment of about $100-110 million in a state of the art glass manufacturing facility. The project is 100% owned by the Sise ve Cam Group of Turkey and management and technical support will be provided by Sisecam’s Turkish operations. Construction is slated to begin in early 2004 with plant start-up in late 2005.