Cement News tagged under: Turkey
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... |
Limak plans two new Turkish plants06 March 2014, Published under Cement NewsTurkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also planning investments further afield with two projects earmarked in Africa. Gideon Aksüyek, CEO of Limak Cement Group, told local press that a 5000tpd plant will be constructed in Ankara, while another 5000tpd cement will be built in the south-central city of Kilis, 12km from the Syrian border. The two factories are schedu... |
OYAK Cement full-year operating profit rises 52%04 March 2014, Published under Cement NewsTurkish producer OYAK Cement Group said on Monday its operating profit rose 52 per cent to TRL343m (EUR112m) in 2013. Consolidated sales rose 17 per cent to TRL1.3bn. EBITDA was up 41 per cent to TRL414m in 2013. Under OYAK Cement’s wing are five subsidiaries: Adana Cimento, Mardin Cimento, Bolu Cimento, Unye Cimento and Aslan Cimento. |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Cimko to receive IFC loan, euro syndicated loan29 January 2014, Published under Cement NewsThe IFC is to provide a long-term financing package to Turkish cement producer Cimko to back investments in the ready-mix concrete segment and energy efficiency, the international lender has said. The debt facility includes a US$40m loan for IFC's own account and a syndicated loan of EUR18m from BNP Paribas Fortis SA/NV mobilised by IFC. The IFC said the project is expected to strengthen Cimko's competitiveness and increase employment in the southeast Anatolia region of Turkey,... |
Unye Cimento to open Romanian branch23 January 2014, Published under Cement NewsTurkish cement producer Unye Cimento Sanayi ve Ticaret is to open a branch for the import, export and sale of bulk and bagged cement in Romania’s Black Sea town of Mangalia, the company said. The branch will take over the operations of the company’s Romanian unit Unye Cem SRL, Unye Cimento said in a bourse filing on Tuesday, without providing further details. |
Energy savings for Çimko Cement09 January 2014, Published under Cement NewsMobil SHC™Gear has helped Turkish cement producer Çimko Cement reduce energy consumption with its Mobil SHC Gear 320, therefore improving energy efficiency at the company's Narli works . Çimko Cement achieved the reductions both in energy consumption and in gearbox operating temperatures following a switch to the high performance gear oil, Mobil SHC™Gear said in a statement. As a result, Çimko Cement decided to use the high-performance Mobil SHC Gear in all elevator gearboxes and in the r... |
Nuh Cimento subsidiary sells stake in electricity producer, Turkey30 December 2013, Published under Cement NewsNuh Cimento announced that its Nuh Enerji Elektrik energy subsidiary has agreed to sell its 100 per cent stake in electricity producer Pamuk Elektrik to Haldiz Insaat Otomotiv, for a consideration of TRY8.2m (EUR 2.8m) The deal is subject to approval from Turkish energy market regulator EPDK and from the other related local authorities, according to a bourse statement by Nuh Cimento. The Turkish cement producer added that it would record a TRY16.6mn loss from the sale. |
Gebr Pfeiffer wins hat-trick of orders from Bolu Cimento, Turkey18 December 2013, Published under Cement NewsBolu Cimento Sanayii AS, a member of the OYAK Group, has ordered three vertical roller mills from Gebr Pfeiffer SE for a new production line in Kazan, Ankara. The cement producer already operates a grinding plant at the site which it is now expanding into a fully integrated facility. The mills are scheduled to be delivered to the customer in the summer of 2014, boosting the number of Pfeiffer mills installed at cement plants owned by the OYAK Group to eight. An MPS 4500 B with a drive powe... |
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 ... |