Cement News tagged under: Turkey
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... |
Askale Cimento orders first vertical roller mill22 November 2012, Published under Cement NewsAskale Cimento Sanayii TAS is currently building a new 4000tpd clinker production line in Gümüshane, located about 100km south of Trabzon near the Black Sea, Turkey. Ankara-based Sintek Mining Machinery Industry Construction is handling the entire project execution and on-site coordination of the project. Two Loesche vertical roller mills will grind raw materials and coal while more recently, the German company signed the contract for the supply of one LM 56.3+3 mill to grind cement with... |
ABB wins order for new Turkish cement plant16 October 2012, Published under Cement NewsABB has received an order to provide electrification, automation and drive solutions for Medcem’s greenfield cement plant project in Turkey. The contract was awarded in July 2012. The new plant will be located in Mersin, on the Mediterranean coast. With an estimated 10,000tpd of clinker, it will have the largest production capacity in Turkey. Production start-up is planned for March 2014. ABB’s scope of supply for the greenfield project includes its state-of-the-art control System 800x... |
Oyak Cement to sell stake in Aslan Cemento, Turkey10 September 2012, Published under Cement NewsMilitary-run business conglomerate Oyak Cement announced on Friday it had applied to the Central Registry Agency to sell an almost 10 per cent stake in subsidiary Aslan Cemento. Oyak owns a 96.85 per cent stake in Aslan and in the announcement it said it would sell 7.18 million units of stake out of a total 70.7 million it holds on the Istanbul Stock Exchange. (Source: Reuters) |
Turkish investors apply to build Sinai cement plant, Egypt06 September 2012, Published under Cement NewsTurkish investors have applied to build a cement plant in the Sinai region of Egypt, after Egyptian authorities issued legislation on developing the peninsula, according to reports by Bloomberg citing local newspaper Al Masry Al Youm. The Turkish companies are reported to have filed a land request for the project, the daily reported citing General Ismail Al Nagdy who heads Egypt’s General Authority for Industrial Development. |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Cementir expects a better second half from Turkey26 July 2012, Published under Cement NewsCementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and in Turkey. EBITDA improved by 17.5% to €55.9m and a depreciation and impairment charge just 1.8% higher at €42.8m, the trading profit jumped 136.1% to €13.2m. In spite of a 14.9% increase in the net interest charge to €9.2m and helped by an 83.8% increase in the income from associates to €0.9m, a pre-tax profit of... |
Sancim Cement to build new plant in Adana, Turkey23 July 2012, Published under Cement NewsSancim Cement is to build a new cement plant in Adana, southern Turkey, according to daily Milliyet. The plant will be able to produce 1.7Mta of clinker and 2Mta cement and the investment period is expected to be around 20-22 months. |
Brazil competition authority approves Camargo purchase of Cimpor05 July 2012, Published under Cement NewsBrazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions. The main condition set by the regulator is that Votorantim, Camargo’s competitor on the Brazilian market, sells its stake in Cimpor. Votorantim and Camargo Correa both bought shares in Cimpor in 2010. Through their shareholdings in Cimpor, both Camargo Correa and Votorantim increased their share of Brazil's market. Cade als... |