Cement News tagged under: Turkey

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Taiwan Cement to operate as TCC Group Holdings

27 May 2024, Published under Cement News

Taiwan Cement Corporation (TCC) held its shareholders' meeting on 21 May 2024 officially announcing the transformation of the 78-year-old company into a group holding company, shifting its English name from Taiwan Cement Corporation to TCC Group Holdings. This marks a significant leap into 11 industries, spreading its presence across 13 international markets.  TCC's Chairman, Nelson Chang, highlighted that 60 years ago, TCC operated as a cement-only supplier. TCC has now advanced to becom...

Nuh Cement and ABB complete retrofit of diesel haul truck to EV

22 May 2024, Published under Cement News

ABB has completed the retrofit conversion of a Nuh Cement -owned diesel-fuelled Euclid R85B haul truck into a fully electric, zero-emission vehicle. The two companies worked together closely to design and build this retrofit project, which is the first time in the world that a vehicle of this size and class type has been fully electrified. In addition to overall system engineering, ABB’s contribution to the project included a BORDLINE® CC200, traction battery, an air-cooled traction moto...

Cementir's 1Q24 regional market update

13 May 2024, Published under Cement News

Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq...

Turkey exports to Georgia up 7% in 1Q24

23 April 2024, Published under Cement News

Turkey has increased its exports of cement products to Georgia by 6.8 per cent YoY to US$17m in the January-March 2024 period, according to the country’s Trade Ministry. However, exports to global markets were down by 7.4 per cent YoY to US$1.1bn in the 1Q24. In March alone, cement product exports to Georgia were up 4.4 per cent YoY to US$7.6m. On a global scale Turkey’s exports were down 1.1 YoY to US$390m.

Lebap Cement takes delivery of 25 dump trucks

16 April 2024, Published under Cement News

Turkmenistan-based Turkmen Cement plant saw delivery of 25 SYZ320C-8Y dump trucks by SANY in March during the second phase of the 1Mta Lebap cement plant project in Koytendag, The dump trucks have a cargo capacity of 20m 3 and a lifting angle of 45° with front lifting. They are powered by a Yuchai YC6MK400-50 engine and comply to Euro V emission standards. The introduction of the trucks will improve the efficiency and reliability of construction and logistics operations.

Sabanci's growth to be driven by digitalisation and sustainability

12 April 2024, Published under Cement News

Turkish conglomerate, Sabanci, is accelerating investments across its business portfolio - including major investments into the cement division. This is comprised of CIMSA and Akcansa - its joint venture with Heidelberg Materials - making it the third-largest player in Turkey. These transformative investments aim to expedite the digitalisation process and to modernise the assets of its cement businesses, as well as improve their sustainability.  Digital transformation Digital and art...

Rebuilding boosted Turkey cement in 2023 and expected to be key driver in 2024

03 April 2024, Published under Cement News

Domestic cement sales in Turkey came in at 5.602Mt in December 2023, down 5.5 per cent MoM and 14.9 per cent YoY, according to Turkey’s cement manufacturers association, Türkçimento. Cement production fell 7.6 per cent MoM but rose 1.1 per cent YoY to 6.653Mt. Cement exports were up 5.5 per cent MoM but down 27.3 per cent YoY to 1.042Mt while clinker exports jumped 98.2 per cent MoM but were down 19.4 per cent YoY to 0.582Mt.    January-December 2023 Turkey’s cement industry reported a s...

Turkey's cement industry requires US$30bn to meet net-zero targets

13 March 2024, Published under Cement News

Representatives for the sector are highlighting that the Turkish cement industry will need at least US$30bn in investments to reach the ambitious goal of net-zero carbon by 2053. According to Fatih Yücelik, the board chair of the Turkish Cement Manufacturers’ Association (TÜRKÇİMENTO), the industry will need to make a further investment of US$2bn. This additional investment is to ensure compliance with the requirements of the European Union’s Carbon Border Adjustment Mechanism (CBAM). This...

Medcem’s global expansion

11 March 2024, Published under Cement News

Turkey’s Medcem has invested in both its production facility and export capability with a view to expand its reach on a global scale. ICR chats to Mehmet Ali Ceylan, CEO, Medcem about the company’s plans to establish an international terminal network and what steps it is taking to decarbonise its operations. Mehmet Ali Ceylan, CEO of Medcem, speaks with ICR about the company’s plans to build an international terminal network while decarbonising its operations (© Medcem) ...

Doğu Anadolu Cement starts trading on Borsa Istanbul

21 February 2024, Published under Cement News

Having completed the public offering for Doğu Anadolu Cement, Turkey-based Limak Holding  reports that the company will begin trading on Borsa Istanbul on 22 February 2024. Approximately 3.3m investors applied to own the shares in the initial public offering (IPO) of Limak Doğu Anadolu Cement, which took place between 14-16 February. With the intense interest shown, demand reached 4.4 times the offering. The IPO was expected to raise more than TRY2.5bn (US$80.87m). Founded in 1986, th...