Cement News tagged under: Turkey

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Votorantim Cimentos inaugurates new Sivas plant

06 July 2017, Published under Cement News

Votorantim Cimentos on Wednesday inaugurated its new plant in Sivas, central Turkey, continuing the company’s strategy of geographic diversification with investments in markets with high growth potential. Involving an investment of EUR140m, the new plant has a capacity of 1.8Mta and will replace the company's old Sivas facility, located about 500km from the capital Ankara and 900km from Istanbul. “This expansion makes our Sivas operation not only more competitive and efficient, but also be...

Votorantim Cimentos to inaugurate Sivas plant

03 July 2017, Published under Cement News

Votorantim Cimentos is to inaugurate its cement works in Sivas, Turkey, as part of its drive for geographic diversification. International operations account for 40 per cent of its revenues, a share that is expected to grow next year as the expansion of the Charlevoix (MI), USA, works comes online. ‘Geographic diversification works as a "hedge," which compensates for the situation we're going through in Brazil,’ said company president, Walter Dissinger. Therefore, it is expected that ...

Nuh Cimento awards KHD large upgrade project

19 May 2017, Published under Cement News

KHD has been awarded the contract to upgrade Nuh Cimento’s existing ball mill grinding unit in Hereke-Kocaeli located in Marmara region of Turkey. With this upgrade, the plant will increase the grinding capacity from 212tph to 408tph at 4000Blaine. This will be the largest upgrade project to date for KHD, the company noted in a statement. Nuh Cimento has entrusted KHD with the upgrade of its ball mill system. The system contains one of the largest ball mills in the world (dia 5.8 m x 17.84m...

DAL Teknik Makina orders second Pfeiffer mill for Uzbekistan

11 May 2017, Published under Cement News

DAL Teknik Makina, headquartered in Istanbul, Turkey, has ordered a Gebr Pfeiffer MVR mill for a new project in the province of Surxondaryo in Uzbekistan. The mill to be supplied is an MVR 5000 R-4 with a drive power of 3700kW, producing 400tph of cement raw meal. The material with a feed moisture of as much as seven per cent will be ground to a fineness of 12 per cent residue 0.090mm. The MVR mill will be ready for dispatch before the end of this year, Gebr Pfeiffer said in a statement.

Votorantim sees cement revenues fall 10% YoY in 2016

19 April 2017, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil...

Titan FY16 results bring net profits of EUR278.6m

23 March 2017, Published under Cement News

Titan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro...

HeidelbergCement to suspend new investment in Turkey

17 March 2017, Published under Cement News

HeidelbergCement is to suspend all new investment in Turkey due to the political uncertainty in the country, said Dr Bernd Scheifele, CEO of HeidelbergCement. He expressed concern about the current situation in Turkey, which he considers unfavourable to its economic development. A referendum on strengthening presidential powers is due to take place in Turkey in April. The refusal of Germany and The Netherlands to let the Turkish ministers campaign in their territory in favour of this co...

Turkey: Sabanci Holding announce investment funds

27 February 2017, Published under Cement News

Turkish conglomerate Sabanci Holding has plans to make TRY4.5bn worth (US$1.25bn) of investments in 2017, the group's CEO said. The holding has plans to invest the funds in Turkey throughout 2017, up TRY0.4bn (US$110m) or 10 per cent from last year, Zafer Kurtul said at a Sabancı group annual briefing meeting where last year’s financials were announced. Mr Kurtul said nearly 80 per cent of this amount would be channelled into expanding production capacity while the remainder would be set ...

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.

Mixed bag for Turkish cement producers in 2016

07 February 2017, Published under Cement News

Several cement producers in Turkey have released their results for 2016, showing a mixed performance in the year. Unye Cimento saw its net profit rise from TRY48.3m (US$13m) in FY15 to TRY58.3m in FY16. The company reported a rise in revenue from TRY222.3m to TRY250.7m over the same period. Meanwhile, other Turkish cement producers have seen profits fall. Bolu Cimento’s net profit slipped to TRY106.4m in FY16 from TRY106.7m in FY15 while the company’s revenue was up to TRY452.4m from...