Consolidated Financial

Highlights

Evaluations

Board of Directors

Management Team

Business

• Flatglass
• Glassware
• Glass Packaging
• Chemicals

Support Services

OTHER GROUP COMPANIES

Cam Pazarlama acted as the intermediary company for the export of both group and non-group products to 116 countries reaching a total revenue of US$ 350 million.

Camiş Menkul Değerler and Camiş Sigorta meet the requirements of the Group in brokerage and insurance services, respectively, and develop a non-group customer base.

Cam Pazarlama A.Ş.
Cam Pazarlama functions as the foreign trade company of the Şişecam Group. Its activities include promotion of overseas sales, import of raw materials and equipment, all types of transport services (at home - abroad - by road - by sea), warehousing services, retailing of fuel, customs clearing and distribution of goods and port-to-port and door-to-door combined transportation services. 

In 1999, as in previous years, Cam Pazarlama was active in sales to 116 countries and produced total export sales of US$ 350 million.

Having played a major role in foreign currency management, credit planning and meeting the financial requirements of the Group, Cam Pazarlama will continue to invest to provide companies both inside and outside the Group with services to meet their needs.

Camiş Sigorta Hizmetleri A.Ş. 
Camiş Sigorta belongs to the Şişecam Group and specializes in all major insurance divisions. It is an agent of Anadolu Sigorta and is the largest agent in terms of business volume. After the August 17th earthquake, the Group benefited from having a specialized insurance agent under its umbrella. 

The insurance business in Turkey is a very competitive industry, both in terms of services and prices. The company meets the requirements of the Group in the insurance field while rendering services to 3,300 customers, both corporate and individual; 2,500 are Group personnel and 800 are non-Group members.

There was a 79% premium income increase over 1998 figures on a Turkish lira basis, which later amounted to TL 2.1 trillion. The total value of premiums generated from outside the Group increased by 159% on a Turkish lira basis over the previous year to TL 537 billion.

Plans for 2000 include increasing the consciousness of Group personnel and the public of the necessity for being insured and generating more business volume outside the Group. Expanding the market share in real terms and maintaining its position as the largest agent of Anadolu Sigorta constitute additional targets for the coming year.

Camiş Menkul Değerler A.Ş.
Camiş Menkul Değerler is the brokerage company of the Group active in capital markets. It was established to partially cover the financing needs of Group companies through capital market transactions. After 1990, Camiş Menkul Değerler began to serve investors outside the Group and became a profit-oriented company.

Camiş Menkul Değerler has obtained the necessary certificates from the Capital Markets Board to allow it to be active in public offerings and conduct brokerage and repo-reverse repo transactions. The company's activities are listed as follows:

• Trading of equities and fixed income instruments,
• Repo- reverse repo transactions,
• Acting as an intermediary institution for public offerings of the shares of companies in and out of the Group,
• Transactions for capital increases and dividend payment services for the Group companies,
• Custody of the shares traded on the Istanbul Stock Exchange and carrying out the capital increase and dividend payment transactions for listed shares.