Cement News tagged under: Turkey
Cementir's 1Q24 regional market update13 May 2024, Published under Cement NewsCementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq... |
Turkey exports to Georgia up 7% in 1Q2423 April 2024, Published under Cement NewsTurkey has increased its exports of cement products to Georgia by 6.8 per cent YoY to US$17m in the January-March 2024 period, according to the country’s Trade Ministry. However, exports to global markets were down by 7.4 per cent YoY to US$1.1bn in the 1Q24. In March alone, cement product exports to Georgia were up 4.4 per cent YoY to US$7.6m. On a global scale Turkey’s exports were down 1.1 YoY to US$390m. |
Lebap Cement takes delivery of 25 dump trucks16 April 2024, Published under Cement NewsTurkmenistan-based Turkmen Cement plant saw delivery of 25 SYZ320C-8Y dump trucks by SANY in March during the second phase of the 1Mta Lebap cement plant project in Koytendag, The dump trucks have a cargo capacity of 20m 3 and a lifting angle of 45° with front lifting. They are powered by a Yuchai YC6MK400-50 engine and comply to Euro V emission standards. The introduction of the trucks will improve the efficiency and reliability of construction and logistics operations. |
Sabanci's growth to be driven by digitalisation and sustainability12 April 2024, Published under Cement NewsTurkish conglomerate, Sabanci, is accelerating investments across its business portfolio - including major investments into the cement division. This is comprised of CIMSA and Akcansa - its joint venture with Heidelberg Materials - making it the third-largest player in Turkey. These transformative investments aim to expedite the digitalisation process and to modernise the assets of its cement businesses, as well as improve their sustainability. Digital transformation Digital and art... |
Rebuilding boosted Turkey cement in 2023 and expected to be key driver in 202403 April 2024, Published under Cement NewsDomestic cement sales in Turkey came in at 5.602Mt in December 2023, down 5.5 per cent MoM and 14.9 per cent YoY, according to Turkey’s cement manufacturers association, Türkçimento. Cement production fell 7.6 per cent MoM but rose 1.1 per cent YoY to 6.653Mt. Cement exports were up 5.5 per cent MoM but down 27.3 per cent YoY to 1.042Mt while clinker exports jumped 98.2 per cent MoM but were down 19.4 per cent YoY to 0.582Mt. January-December 2023 Turkey’s cement industry reported a s... |
Turkey's cement industry requires US$30bn to meet net-zero targets13 March 2024, Published under Cement NewsRepresentatives for the sector are highlighting that the Turkish cement industry will need at least US$30bn in investments to reach the ambitious goal of net-zero carbon by 2053. According to Fatih Yücelik, the board chair of the Turkish Cement Manufacturers’ Association (TÜRKÇİMENTO), the industry will need to make a further investment of US$2bn. This additional investment is to ensure compliance with the requirements of the European Union’s Carbon Border Adjustment Mechanism (CBAM). This... |
Medcem’s global expansion11 March 2024, Published under Cement NewsTurkey’s Medcem has invested in both its production facility and export capability with a view to expand its reach on a global scale. ICR chats to Mehmet Ali Ceylan, CEO, Medcem about the company’s plans to establish an international terminal network and what steps it is taking to decarbonise its operations. Mehmet Ali Ceylan, CEO of Medcem, speaks with ICR about the company’s plans to build an international terminal network while decarbonising its operations (© Medcem) ... |
Doğu Anadolu Cement starts trading on Borsa Istanbul21 February 2024, Published under Cement NewsHaving completed the public offering for Doğu Anadolu Cement, Turkey-based Limak Holding reports that the company will begin trading on Borsa Istanbul on 22 February 2024. Approximately 3.3m investors applied to own the shares in the initial public offering (IPO) of Limak Doğu Anadolu Cement, which took place between 14-16 February. With the intense interest shown, demand reached 4.4 times the offering. The IPO was expected to raise more than TRY2.5bn (US$80.87m). Founded in 1986, th... |
Medcem announces terminal partnerships in UK15 February 2024, Published under Cement NewsTurkey’s Medcem has announced a partnership with Brett Concrete, one of the largest independent concrete companies in the UK, to establish a terminal at Sheerness Port in Kent, UK. The terminal, which will have a storage capacity of 80,000t, is expected to be operational by July 2024. According to Medcem, the new facility will handle various cementitious products, primarily dry ash. Medcem also has another terminal investment underway in the UK, following its partnership with two indep... |
Çimsa’s Mersin plant scoops Gold award02 February 2024, Published under Cement NewsÇimsa ’s Mersin plant has been awarded the Gold level certificate by the International Concrete Sustainability Council. The award recognises the plant’s compliance with international norms in terms of its resource utilisation and sustainability under the headings of management, environment, economy and social issues. Çimsa (part of Sabancı Holding ) has become one of just three plants in the Turkish cement industry to achieve this accolade. “At Çimsa, we shape our operations by focus... |