Cement News tagged under: Turkey

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OYAK targets British Steel bid

14 August 2019, Published under Cement News

Turkish cement producer OYAK has become the front runner in the bidding to buy British Steel. The Turkish pension fund has been talking with the UK government to takeover British Steel via Ataer Holding, a wholly owned investment vehicle of OYAK, reports the Financial Times. OYAK is already a diversified company with businesses in cement, agriculture, mining and energy and a joint venture with Renault. British Steel has been in liquidation since May 2019. OYAK could use slag as a byprodu...

Sonmez Cimento orders new WHR unit from CTP Team

06 August 2019, Published under Cement News

Turkey’s Sonmez Cimento Yapi ve Madencilik has signed a turnkey EPC contract with CTP Team (Italy) for a WHR unit at its Sonmez Cement plant. The system will have a duel-loop configuration and recover heat from the preheater and clinker cooler, according to a press release.   Including a 7.8MW turbine operating at 3000rpm alongside a turbo generator, the new ORC system is expected to provide a net power generation of 51mkWh per year. Therefore, covering approximately 30 per cent of the pla...

Turkish cement producers see exports surge 46% in 1H19

08 July 2019, Published under Cement News

Cement exports from Turkey in the first half of 2019 have increased by 46 per cent YoY to US$444m, according to the Turkish Cement Manufacturers’ Association (TÇMB). TÇMB Chairman, Nihat Özdemir, said that the sector continues to contribute to Turkey's economy by producing approximately 71Mt of clinker and 75Mt of cement annually in 2018. "In the first six months of the year, cement exports increased by 38 percent to 5.3 million tons, while clinker exports soared 116 percent to 6 million to...

Turkish cement sales decline 41% in Jan-Apr 2019

05 July 2019, Published under Cement News

Turkish cement sales in the local market declined 41 per cent YoY in the January-April 2019 period due to a weak housing market, the overall slowdown in the country’s economy and unfavourable weather conditions, according to Nihat Ozdemir, head of the Turkish Cement Manufacturers' Association (TCMB). In line with the demand issues, production fell 33 per cent YoY in the first four months of 2019. Mr Ozdemir also stated that the price of cement is currently around EUR35/t, which “is well be...

Baticim puts Batisoke stake of up to 75% for sale

14 June 2019, Published under Cement News

Baticim, part of the Turkey-based Bati Anadolu Group, is looking to sell a stake of up to 75 per cent in Batisoke, according to a Reuters report citing a source close to the process. Unlu & Co financial services group has been appointed to handle the sale, for which interested parties should complete due diligence for binding and non-binding offers in July to September. Batisoke is reportedly forecast to make EBITDA of US$14m in the FY19-20. In the first quarter, the company posted a net...

Can Titan expect a better 2019?

24 May 2019, Published under Cement News

This week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge...

Titan reports 13% advance in 1Q turnover but EUR6.2m net loss

23 May 2019, Published under Cement News

Greece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E...

Dal Engineering Group wins multiple orders

16 May 2019, Published under Cement News

Dal Group has reported the signing of a number of new orders in the cement sector in Colombia, Russia, Egypt and Qatar. Dal Machinery & Design (Dal Engineering Group) has been awarded the contract for delivering two surface feeders with a capacity of 2x200tph to Cementos Argos' Rio Claro cement plant in Colombia. According to the planned schedule, the installation of two surface feeders was executed in December 2018 and they are now fully operating. Dal Machinery & Design's surface fe...

Aumund to supply nine machines for Aslan plant modernisation

15 May 2019, Published under Cement News

Germany’s Aumund Fördertechnik GmbH has won an order from Aslan Cement Inc, comprising of nine machines in total. The order forms part of the complete modernisation of Aslan’s plant in Darıca, Kocaeli province, Turkey, which will see it ramp up clinker production capacity to 6600tpd. The company will supply a 225tph BWZ-L bucket elevator to feed the raw meal, as well as three different models of BWG belt bucket elevators with capacities of up to 500tph. The latter models will be used for ra...

Vicat can expect higher returns in USA and Brazil

10 May 2019, Published under Cement News

This week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and the strength of cement demand in some of the countries where it is operating. In France, where the company's headquarters are located, the market has been one of the key supports in Vicat's 8.1 per cent rise in turnover to EUR225m. The company cited favourable macroeconomic and industry conditions supported by high ...