Cement News tagged under: Türkiye
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... |
Türkiye adapts and decarbonises28 October 2024, Published under Cement NewsWith economic growth and increased public investment, the Turkish cement sector can look forward to increased domestic sales. However, cement exports are expected to decline and there is a mixed forecast for clinker exports. Nevertheless, the industry is expected to adapt and continue its decarbonisation drive. By TÜRKÇIMENTO, Türkiye The Turkish cement industry continues its decarbonisation efforts while it prepares for improving business conditions (© Çimsa) T he Turkis... |
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... |
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