Istanbul — Turkish processor Sem Plastik San. ve Tic. AŞ is spending $30 million on an expansion to double its capacity, in part because it sees increasing exports of packaging to the United States.
The Istanbul-based company, which specializes in both thermoforming and injection molding of packaging, said it sees growth from both Turkey's domestic market and from increased exports to some multinational customers.
The company said, for example, that it supplies disposable food packaging to seven of the 10 largest airlines in the world.
“The main driver is like this: First of all, we think the market in Turkey will increase, especially on the packaging side, and also the disposable market will continue to grow,” said President Yavuz Eroglu, in an early December interview in his office.
“We are also selling a lot to the U.S., on the disposables side we are mainly exporting to the U.S.,” he said. “We believe the U.S. market is recovering and we can see it from the numbers. This year we feel it.”