Cement News tagged under: Cimsa
Cimsa secures US$70m green loan from IFC for sustainability initiatives18 November 2024, Published under Cement NewsTürkiye-based cement manufacturer Cimsa , a unit of Sabanci Holding , has secured a US$70m green loan from the International Finance Corporation (IFC), a member of the World Bank Group. The loan, announced on 4 November, has a five-year maturity, including a two-year grace period for principal repayments. This marks Cimsa’s first green loan, highlighting its commitment to sustainable financing. The funds will be allocated towards renewable energy projects, alternative fuel adoption, a... |
Çimsa’s focus on sustainability and innovation29 October 2024, Published under Cement NewsThis month, ICR speaks with Umut Zenar, CEO at Çimsa, one of the key players in the Turkish cement industry, about the company’s implementation of its decarbonisation plans and its transformation from a local cement company into a global building materials leader. By ICR Research, UK Çimsa CEO, Umut Zenar, looks back on the company’s achievements and outlines its plans going forward (© Cimsa) ICR: What are Çimsa’s current cement plants, their capacities and geographic... |
FLSmidth commissions Çimsa cooler23 October 2024, Published under Cement NewsFLSmidth recently commissioned the new Cross-Bar ® cooler at Çimsa ’s Eskisehir plant in Turkey. The project was a retrofit conversion of an SF Cooler complete with wave grates and ABC ® Inlet, which will increase the cooler’s capacity from 1800tpd to 2300tpd. The Cross-Bar cooler also benefits from a low total cost of ownership, thanks to its efficient operation and low maintenance demands, claims FLSmidth. |
Cimsa buys into UK and Irish building material markets30 August 2024, Published under Cement NewsThis week, Cimsa (Sabanci Group) has made an agreement to acquire Mannok in Ireland in a EUR330m deal. With this acquisition, the Turkiye-based cement producer will increase its European operations in the cement sector and follows on from its expansion in Spain and the USA. The decision to enter the UK and Irish markets is part of Cimsa's broader strategy to transition from a cement producer to a 'building materials company', as well as to make the jump from 'local to global producer' and r... |
Cimsa to acquire Mannok for EUR330m29 August 2024, Published under Cement NewsCimsa , part of Sabanci Holdings , has reached agreement to acquire 94.7 per cent of Ireland-based cement producer Mannok for an overall enterprise value of EUR330m. The local Mannok leadership team will retain a 5.3 per cent interest. Under the agreement, which is subject to customary approvals, the Mannok brand will be retained as a growth hub for Cimsa and Sabanci in Ireland and the UK, and the business will continue to be led by local management. This agreement marks Cimsa’s thi... |
EBRD finances Çimsa's decarbonisation programme27 June 2024, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programme. The proceeds of the loan will fund the installation of a solar power plant, a waste heat recovery plant, a new silo and resource-efficiency process, and technology upgrades at the company’s Eskisehir plant. The EBRD is committed to align its activities with the goals of the Paris Agreement on climate change. W... |
CTP Team selected to supply WHRS for Eskisehir cement plant12 December 2023, Published under Cement NewsEnerjisa Enerji and ÇIMSA ( Sabanci Group ) have selected CTP Team and CTN Group to implement a waste heat recovery system (WHRS) at the cement producer's Eskisehir plant in Turkey. Based on organic Rankine cycle technology, the turnkey solution features an AQC heat exchanger and a preheater heat exchanger, with a combined thermal power capacity of approximately 20,800kWt. The WHRS is designed to produce an estimated 40,000MWh of energy annually, covering 25 per cent of the Eskisehi... |
PCA appoints new chair and vice chair07 December 2023, Published under Cement NewsPortland Cement Association (PCA) has announced new leadership for its board of directors. Massimo Toso has been elected chairman of the PCA. Mr Toso is the current president and CEO at Buzzi Unicem USA and has served the last year as vice chair to former PCA Chairman Filiberto Ruiz. Monica Manolas is PCA’s new vice chair and the first woman in the 21st century to be elected to the position. Ms Manolas currently serves as president of Ash Grove East . Also at the meeting, Jorge Wagne... |
CIMSA and Sabanci to build 0.6Mta US grinding plant21 September 2023, Published under Cement NewsOne of Turkey's largest conglomerates Sabancı Holding and Turkish cement manufacturer Çimsa have agreed to establish a grey cement grinding plant in the USA with an investment of US$82m (TRY2.2bn). The facility, with an average grinding capacity of 600,000tpa, will be operational by the end of the 4Q25 and will be fully financed with equity. Çimsa, with its subsidiary operating in the US, will enter the US grey cement market, in addition to the white cement market. The company current... |
Afyon Cimento increases turnover by 53% in 202124 February 2022, Published under Cement NewsÇimsa 's subsidiary Afyon Çimento increased its turnover in 2021 by 53 per cent compared to the previous year, from TRY270m (US$19.5m) to TRY413m. Net profits rose from TRY17m to TRY77m with an increase of 351 per cent. Çimsa General Manager, Umut Zenar, said, "Despite the changing world order as of 2020 and the economic conditions affected by this, we achieved successful fi nancial results in 2021. As Afyon Cement, we strengthen our in fl uence in the domestic market with our ex... |