Cement News tagged under: Cimsa

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02 April 2019, Published under Cement News

Cemex has agreed to sell its operations in Latvia, where it owns the 1.6Mta cement plant at Broceni, as well as import and marketing operations in Sweden, where there are four, Finland (three), Norway (four), Estonia (1) and a 38 per cent stake in Lithuania's sole cement plant, to the privately-owned Schwenk Zement for EUR340m. To help finance the purchase, Schwenk is selling its 69.8 per cent stake in Schwenk Namibia on a Singapore-based investor for some US$73m.       Cemex has also ag...

Uruguay: Cimsa to work with Ancap on Cementos Charrúa project

22 December 2016, Published under Cement News

Company Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Montevideo. The product is mainly earmarked for export to Brazil. Ancap operates a kiln line in Treinta y Tres, via its subsidiary Cementos de Plata, and will supply clinker to the new Montevideo grinding unit, while Cementos Charrúa completes its kiln line at Treinta y Tres....

Uruguay: Ancap to explore export potential

25 November 2016, Published under Cement News

Uruguay’s Ancap Board of Directors has approved a memorandum of understanding with Cimsa to explore over the next 90 days the potential of an alliance that will help Ancap export cement. Ancap’s cement division suffered losses of US$30m in 2015 with a similar amount expected this year. While the company has reported losses for a considerable time, these have increased in recent years. The company operates a cement plant in Lavalleja and Paysandú and has invested US$80m in a new oven, but ...

Recent orders for Gebr Pfeiffer in Germany

10 December 2015, Published under Cement News

HeidelbergCement has placed orders for two new Gebr Pfeiffer MBS mills to subsitute older mills at the Burglengenfeld works, in Germany. As part of the modernisation of the kiln line, the four MPS vertical roller mills installed at Burglengenfeld works in Germany will be replaced after 40 years of good operation.  HeidelbergCement AG opted for two MPS 4250 B roller mills. Each mill is designed to achieve a capacity of 200tph of cement raw material ground to a fineness of 12 per cent R90 µ...

Domes of the Middle East

26 March 2015, Published under Cement News

Geometrica designs some of the world’s largest free-span domes, trademarked as Freedomes®, as a solution for challenging architectural and logistical feats across the Middle East. Freedome technology "has revolutionised the installation process on any terrain," according to the company, and below are case studies of cement plant projects undertaken for key producers across the Middle East. Star Cement, UAE The United Arab Emirates is well known for its cement production, refineries and ...

Sançim Cimento acquired by Askale Çimento.

09 January 2015, Published under Cement News

Turkish cement producer Sançim Cimento (Sançim) has been acquired by Askale Çimento, according to local news reports. The acquisition follows the recently aborted acquisition of Sancim by domestic cement major Cimsa, for EUR185.14m. The new owner of Sancim is a joint-venture of Sonmez Holding (43 per cent), Aunde Teknik (38 per cent), E.N.A. Tekstil (10 per cent) and Umut Insaat (nine per cent).

Turkey: Cimsa acquires local cement producer

17 July 2014, Published under Cement News

Sabanci group company Cimsa has acquired fellow Turkish producer Sancim Bilecik Cimento in a deal reportedly worth US$220.7m. The company signed the contract allowing it to purchase 100 per cent of Sançim Bilecik’s shares, according to a statement released by the Public Disclosure Platform (KAP) The transfer price of the shares, a nominal value of TRY87.5m has been set as US$220.7m, the statement said. Sançim was previously owned by Sönmez Holding (43 per cent), Aunde Teknik (38 per cent)...

Cimsa full-year net profit surges

07 March 2014, Published under Cement News

Turkey-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...

Cimsa joins Cement Sustainability Initiative

13 November 2013, Published under Cement News

Cimsa 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 ...

Turkey: Cimsa Cimento's 1H13 net profit gains

23 August 2013, Published under Cement News

Cimsa Cimento has seen a big rise in its 1H13 profits on the back of increased investment and higher sales. Consolidated net profit grew to TRY218m (US$110m) from TRY49m a year earlier. The first-half performance was mainly driven by income from investment activities of TRY143m compared to just TRY 9m a year earlier. First-half domestic sales rose 22 per cent to TRY 334m, while sales abroad were up nine per cent to TRY 135m, Cimsa Cimento said. Operating profit increased to TRY...