New finance for Ciner Glass in Belgium

Ciner Glass secures €504 million for investment in Belgium

Ciner Glass has announced the successful signing of a €504 million financing agreement to support the development of its state-of-the-art container glass production facility in Lommel, Belgium. This marks one of the largest foreign direct investments in Belgium in the past decade and underscores the company’s commitment to sustainable growth and innovation in the European market.

The financing will support the development of the new glass packaging production facility, which will feature two 650 tpd furnaces, feeding a total of eight production lines. Once fully operational, the plant will employ around 500 direct jobs and significantly contribute to the local economy and the European container glass supply chain.

Commenting on this historic agreement, 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.

“I would like to extend our sincere thanks to our financial partners — including our ECA supporters and commercial lenders— and also to the Flemish Government for their trust and collaboration in making this project a reality. Their support is instrumental in helping us build a greener, more resilient future for the glass industry.”

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.