Cement News tagged under: Eren Holdings
Medcem Cameroon starts production02 November 2015, Published under Cement NewsMedcem Cameroon, part of Turkey-based Eren Holdings, has commissioned its new plant in Yaoundé, Cameroon, after delays that saw the unit postpone the start of operations from March to June and October. The company’s output is sold in 50kg bags, which retail at CFA4750 (US$7.97), according to local press reports. |
Cameroon: Medcem plant to enter service in June02 June 2015, Published under Cement NewsThe Medcem cement works, owned by Turkey-based Eren Holdings, is scheduled to come online in June, entering a market already supplied by Lafarge, Ciments d’Afrique and Dangote. The project was carried out in just under a year following the signing of an investment agreement between the country’s government and Abut Azsezikli, Medcem Global’s general manager, on 9 September 2014. Eren Holdings has invested around EUR24.4m in the new plant, which is located in the Douala port area of Cam... |
Oyak Group eyeing Lafarge and Holcim assets14 November 2014, Published under Cement NewsOyak Group, Turkey’s largest cement producer, has US$2bn in cash for acquisitions and may spend some of it on assets Holcim and Lafarge are looking to shed ahead of their planned merger. The head of the Ankara-based company told Bloomberg in an emailed statement that the group is interested in Holcim and Lafarge businesses in the eastern European countries of Romania, Serbia and Hugary. “We are interested in bidding as Oyak or together with a European group” for assets, Caglar said. Oyak ... |
Turkey: CRH and Eren Holdings plan sale of JV03 October 2014, Published under Cement NewsCRH and its Turkish partner Eren Holdings have applied to Turkey's competition regulator to sell their joint venture, Denizli Cimento, to army pension fund OYAK Group, according to a statement on the watchdog's website. Irish building materials major CRH and Istanbul-based Eren each hold a 50 per cent stake in Denizli. No price was given for the disposal. CRH has embarked on a disposal plan under new chief executive Albert Manifold and plans to sell at least 10 per cent of its net as... |
Eren Holdings to build cement plant in Cameroon12 September 2014, Published under Cement NewsTurkey-based Eren Holdings has signed an investment agreement with the Cameroon government which will see its local subsidiary Medcem build a new cement plant in the African country. The new works is expected to add 0.6Mta to the domestic production base, which currently consists of Lafarge’s Cimencam 1.6Mta plant and the 0.5Mta Cimaf unit of Addoha. In addition, Dangote Cement has scheduled the start-up of a 1Mta works in October. Current cement demand in Cameroon is estimated at 2.8M... |
Page
1
of
1
1