Cement News tagged under: Cimsa

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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...

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...

Italcementi exits Turkish cement market

16 February 2012, Published under Cement News

Ciments Français (part of the Italcementi Group) and its wholly-owned subsidiary Parcib, have signed a deal with Cimsa for the sale of 51 per cent of the capital of Afyon for TRY1,530,000. The overall value of the sale has been fixed at TRY57,530,000, a memo explains. Transfer of the shares to Cimsa and the payment for them will take place when the deal is completed, once the necessary authorisation has been obtained from the monopoly watchdog. The final price could then be subject ...

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...