Ciner Glass secures €504 million for Belgian glass plant
Ciner Glass has signed a €504 million financing agreement to support the development of its container glass production facility in Lommel, Belgium.
The project marks one of the largest foreign direct investments in Belgium in the past decade.
The financing will support the development of the new glass packaging production facility, which will feature two high-capacity furnaces.
Each furnace will a capacity of 650 tpd, feeding a total of eight production lines.
Once fully operational, the plant will reach a total capacity of 1,300 tpd.
It will create approximately 500 jobs, as well as contributing to the local economy and the European container glass supply chain.
Gökhan Şen, CEO of Ciner Glass, said: “This investment is a significant milestone for Ciner Glass and a testament to our long-term vision for sustainable industrial growth in Europe.
“We are proud to bring one of the most advanced container glass production facilities to Belgium, creating hundreds of jobs and delivering high-quality, environmentally responsible products to our customers.”
The €504 million financing package comprises of:
- €252 million in ECA-backed facilities, supported by SACE, UK Export Finance, and SERV.
- €252 million in commercial facilities, with a portion guaranteed by Gigarant.
Construction at the Lommel site continues to progress at speed, with the plant expected to be up and running in the second quarter of 2026.
The second furnace is scheduled to become operational in 2027, bringing the plant to full capacity.
The group also recently welcomed its first new hires at the Lommel site, as part of Ciner Glass’ recruitment drive to employ and support job opportunities for people in the local community.
