Cement News tagged under: Cimsa
Domes of the Middle East26 March 2015, Published under Cement NewsGeometrica designs some of the world’s largest free-span domes, trademarked as Freedomes®, as a solution for challenging architectural and logistical feats across the Middle East. Freedome technology "has revolutionised the installation process on any terrain," according to the company, and below are case studies of cement plant projects undertaken for key producers across the Middle East. Star Cement, UAE The United Arab Emirates is well known for its cement production, refineries and ... |
Sançim Cimento acquired by Askale Çimento.09 January 2015, Published under Cement NewsTurkish cement producer Sançim Cimento (Sançim) has been acquired by Askale Çimento, according to local news reports. The acquisition follows the recently aborted acquisition of Sancim by domestic cement major Cimsa, for EUR185.14m. The new owner of Sancim is a joint-venture of Sonmez Holding (43 per cent), Aunde Teknik (38 per cent), E.N.A. Tekstil (10 per cent) and Umut Insaat (nine per cent). |
Turkey: Cimsa acquires local cement producer17 July 2014, Published under Cement NewsSabanci group company Cimsa has acquired fellow Turkish producer Sancim Bilecik Cimento in a deal reportedly worth US$220.7m. The company signed the contract allowing it to purchase 100 per cent of Sançim Bilecik’s shares, according to a statement released by the Public Disclosure Platform (KAP) The transfer price of the shares, a nominal value of TRY87.5m has been set as US$220.7m, the statement said. Sançim was previously owned by Sönmez Holding (43 per cent), Aunde Teknik (38 per cent)... |
Cimsa full-year net profit surges07 March 2014, Published under Cement NewsTurkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013. Cimsa’s income from investment activities soared to TRL145.7m in 2013 from TRL11m a year earlier, it said in its consolidated income statement on Tuesday. The company’s consolidated operating profit increased 22.9 per cent to TRL179.5m in the review period. Consolidated revenue rose 11 per cent to TRL954m as domestic sales went up 14 per cent to TRL704m and sales abroad cli... |
Cimsa joins Cement Sustainability Initiative13 November 2013, Published under Cement NewsCimsa has joined the Cement Sustainability Initiative (CSI), making it the first Turkish company to join the World Business Council for Sustainable Development (WBCSD) programme. Mehmet Hacikamiloglu, general manager of the Turkish cement major, stated that the company is looking to lead the sector towards a sustainable future while growing profitably: He said: “We are carrying out our works by focusing on creating a difference in our sector with our experience of more than 40 years, broad ... |
Turkey: Cimsa Cimento's 1H13 net profit gains23 August 2013, Published under Cement NewsCimsa Cimento has seen a big rise in its 1H13 profits on the back of increased investment and higher sales. Consolidated net profit grew to TRY218m (US$110m) from TRY49m a year earlier. The first-half performance was mainly driven by income from investment activities of TRY143m compared to just TRY 9m a year earlier. First-half domestic sales rose 22 per cent to TRY 334m, while sales abroad were up nine per cent to TRY 135m, Cimsa Cimento said. Operating profit increased to TRY... |
Sabanci Holdings on the cement acquisition trail, Turkey23 January 2013, Published under Cement NewsTurkish industrial group Sabanci Holdings is reportedly on the acquisition trail both at home and abroad as it seeks to double its capacity in five years. The group is currently active in the Turkish market through Akcansa (which is a joint venture with HeidelbergCement) and Cimsa with a combined domestic cement capacity of 13Mta. Speaking to Bloomberg, Mehmet Gocmen, head of Sabanci’s cement group said the company is planning growth through deals in Turkey and nearby countries as Turk... |
Italcementi exits Turkish cement market16 February 2012, Published under Cement NewsCiments Français (part of the Italcementi Group) and its wholly-owned subsidiary Parcib, have signed a deal with Cimsa for the sale of 51 per cent of the capital of Afyon for TRY1,530,000. The overall value of the sale has been fixed at TRY57,530,000, a memo explains. Transfer of the shares to Cimsa and the payment for them will take place when the deal is completed, once the necessary authorisation has been obtained from the monopoly watchdog. The final price could then be subject ... |
Akcansa and Cimsa seek acquisitions08 February 2012, Published under Cement NewsTwo of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this year, Bloomberg reports. According to Mehmet Gocmen, Head of Haci Omer Sabanci Holding – which has a stake in both producers – said the companies are looking at purchases in Turkey’s geographical region. The targets could be base in central and southern Europe to the Caucasus and Middle East, he said. Mr Gocem noted that both Akcansa and Cimsa have sufficient equity to make the... |