Summary of Proposed Investment
Project Number
7103
Company Name
TURKIYE SISE VE CAM FABRIKALARI ANONIM SIRKETI
Date SPI Disclosed
Feb 21, 1996
Country
Turkiye
Industry
Manufacturing
Status
Completed
Sector
Glass and Glass Products (Including Glass and Mineral Wool)
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Apr 23, 1996
Signed : Oct 18, 1996
Invested : Nov 25, 1996
Project Description
Project Name Turkey-Sisecam Glass Works and Cogeneration Project
Region Europe
Sector Manufacturing
Project No 007103
Projected Board Date March 21, 1996
Company Name Sisecam Group
Technical Partner and/or Major Shareholders
The project sponsor is the Sisecam Group, Turkey''s
largest glass producer. The Sisecam Group controls all five operating
companies. Sisecam''s major shareholder is Turkiye Is Bankasi A.S., one
of Turkey''s largest commercial banks, with about 70% ownership of the
Group.
Project Cost Including proposed IFC investment
The total project cost including all five sub-
projects is $334 million. The projected IFC funding will be a $70
million loan of which about $35 million on IFC''s account and $35 million
on the account of participants.
Location of project and Description of site
The float glass line is located at a new site
within an existing industrial park, about 20 km from the port of Mersin
in South East Anatolia. The glassware factory and glass container
factory will be located adjacent to one of Sisecam''s existing glass
container factories near Mersin, about 7 km from the float glass
project. The glass fiber project is located at its existing site near
the town of Gebze, 40 km south east of Istanbul. The cogeneration
project will be located adjacent to Sisecam''s existing float glass lines
near Kirklareli in the Thrace region of Turkey.
Description of Company and Purpose of Project
The Sisecam Group is implementing a major
modernization and expansion program from 1994 through 1997, to alleviate
production capacity constraints caused by growing demand for glass
products. The five sub-projects are as follows: (i) a float glass line
of 215,000 tonnes capacity to be operated by Trakya, Sisecam''s float
glass producer; (ii) a glassware factory with a capacity of 35,000
tonnes of soda lime mechanical glassware, to be operated by Kirklareli;
(iii) a glass container factory with a capacity of 95,000 tonnes, to be
operated by ACS; (iv) a glass fiber factory with a capacity of 30,000
tonnes, to be operated by Cam Elyaf; and (v) a 27 MW cogeneration plant
supplying electricity and steam to Trakya and Kirklareli, to be operated
by Camis Elektrik, a new Sisecam company. The cogeneration project is
motivated principally by forecasts of power shortages in Turkey
beginning in 1997.
Environmental Category and Issues
This is an environmental review category B project;
principal issues include air emissions, liquid effluent, waste
management and occupational health and safety. Sisecam is investing in
environmental protection measures to mitigate the environmental impacts
of the projects and meet local requirements and World Bank guidelines.
For its Trakya float glass line, the company will install a flue gas
desulfurization unit and an electrostatic precipitator to treat waste
gases from the float furnace. Because centralized wastewater treatment
facilities will not be installed by the industrial park until a future
date, biological wastewater treatment facilities for the Trakya plant
will be constructed as part of the project. At the ACS and Kirklareli
plants, Sisecam will use the locally available No. 6 fuel oil in the
expansions, but by December 31, 1999, will either switch to natural gas
which is expected to arrive in the area by that time, or bring the
plants into compliance with European Union requirements by that time.
The new glass fiber production line at Cam Elyaf will include bag
filters to control particulates. Sisecam''s cogeneration plant will be
fueled by natural gas and employ low NOx burners to reduce emissions.
Solid wastes from Sisecam''s plants are used internally in other
operations, disposed of in accordance with local practice, or recycled.
Noise abatement procedures are included in designs, while filters and
ventilation measures will be used to reduce particulate matter and
vapors.
The Environmental Review Summary is available from the Public
Information Center.
Date SPI sent to PIC February 21, 1996
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Region Europe
Sector Manufacturing
Project No 007103
Projected Board Date March 21, 1996
Company Name Sisecam Group
Technical Partner and/or Major Shareholders
The project sponsor is the Sisecam Group, Turkey''s
largest glass producer. The Sisecam Group controls all five operating
companies. Sisecam''s major shareholder is Turkiye Is Bankasi A.S., one
of Turkey''s largest commercial banks, with about 70% ownership of the
Group.
Project Cost Including proposed IFC investment
The total project cost including all five sub-
projects is $334 million. The projected IFC funding will be a $70
million loan of which about $35 million on IFC''s account and $35 million
on the account of participants.
Location of project and Description of site
The float glass line is located at a new site
within an existing industrial park, about 20 km from the port of Mersin
in South East Anatolia. The glassware factory and glass container
factory will be located adjacent to one of Sisecam''s existing glass
container factories near Mersin, about 7 km from the float glass
project. The glass fiber project is located at its existing site near
the town of Gebze, 40 km south east of Istanbul. The cogeneration
project will be located adjacent to Sisecam''s existing float glass lines
near Kirklareli in the Thrace region of Turkey.
Description of Company and Purpose of Project
The Sisecam Group is implementing a major
modernization and expansion program from 1994 through 1997, to alleviate
production capacity constraints caused by growing demand for glass
products. The five sub-projects are as follows: (i) a float glass line
of 215,000 tonnes capacity to be operated by Trakya, Sisecam''s float
glass producer; (ii) a glassware factory with a capacity of 35,000
tonnes of soda lime mechanical glassware, to be operated by Kirklareli;
(iii) a glass container factory with a capacity of 95,000 tonnes, to be
operated by ACS; (iv) a glass fiber factory with a capacity of 30,000
tonnes, to be operated by Cam Elyaf; and (v) a 27 MW cogeneration plant
supplying electricity and steam to Trakya and Kirklareli, to be operated
by Camis Elektrik, a new Sisecam company. The cogeneration project is
motivated principally by forecasts of power shortages in Turkey
beginning in 1997.
Environmental Category and Issues
This is an environmental review category B project;
principal issues include air emissions, liquid effluent, waste
management and occupational health and safety. Sisecam is investing in
environmental protection measures to mitigate the environmental impacts
of the projects and meet local requirements and World Bank guidelines.
For its Trakya float glass line, the company will install a flue gas
desulfurization unit and an electrostatic precipitator to treat waste
gases from the float furnace. Because centralized wastewater treatment
facilities will not be installed by the industrial park until a future
date, biological wastewater treatment facilities for the Trakya plant
will be constructed as part of the project. At the ACS and Kirklareli
plants, Sisecam will use the locally available No. 6 fuel oil in the
expansions, but by December 31, 1999, will either switch to natural gas
which is expected to arrive in the area by that time, or bring the
plants into compliance with European Union requirements by that time.
The new glass fiber production line at Cam Elyaf will include bag
filters to control particulates. Sisecam''s cogeneration plant will be
fueled by natural gas and employ low NOx burners to reduce emissions.
Solid wastes from Sisecam''s plants are used internally in other
operations, disposed of in accordance with local practice, or recycled.
Noise abatement procedures are included in designs, while filters and
ventilation measures will be used to reduce particulate matter and
vapors.
The Environmental Review Summary is available from the Public
Information Center.
Date SPI sent to PIC February 21, 1996
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
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