Cement News tagged under: Akcansa Cimento

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Sabanci reportedly considers the sale of three facilities

20 July 2018, Published under Cement News

Turkey’s Sabanci Holding is considering the sale of three of its cement factories, according to Reuters. The factories include Çimsa’s Kayseri (1.1Mta) and Nidge (0.81Mta) units, and Akçansa’s Ladik (1Mta) facility. Sabanci has reportedly authorised Unlu & Co, a financial group, for the deal.

Turkey: Akcansa Çimento sees 1.8% rise in FY16 net profit

17 February 2017, Published under Cement News

Akcansa Çimento reported largely-stable revenues of TRY1.46m (U$398.1m) for 2016, when compared with TRY1.46bn in 2015. FY16 net profit increased to TRY286.4m in 2016, up 1.8 per cent YoY. in 2015, the company recorded a net profit of TRY281.1m.

Sabanci Holdings on the cement acquisition trail, Turkey

23 January 2013, Published under Cement News

Turkish 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...

Akcansa and Cimsa seek acquisitions

08 February 2012, Published under Cement News

Two of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this year, Bloomberg reports. According to Mehmet Gocmen, Head of Haci Omer Sabanci Holding – which has a stake in both producers – said the companies are looking at purchases in Turkey’s geographical region. The targets could be base in central and southern Europe to the Caucasus and Middle East, he said. Mr Gocem noted that both Akcansa and Cimsa have sufficient equity to make the...