Cement News tagged under: Turkey

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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...

Medcem Cameroon to officially open 16 Dec

13 December 2016, Published under Cement News

Medcem Cameroon, owned by the Turkey-based Eren Holdings, will officially open its Douala plant on Friday, 16 December. With a production capacity of 0.6Mta, the cement plant represents an investment of XAF13bn (US$21m). The first cement was produced in October 2015. Medcem Cameroon is the third cement company to have launched on the domestic market in three years and the fourth cement producer in the country, joining LafargeHolcim subsidiary Cimencam, Dangote Cement and CIMAF. As ...

Turkey: Aumund to supply Çimsa and Batisöke plants

28 November 2016, Published under Cement News

Çimsa Cimento has now ordered about 60 Aumund machines for the plants in Eskisehir and Niğde. With five kiln lines in Mersin, Eskişehir, Kayseri, Niğde and Afyonkarahisar as well as a grinding plant in Ankara and two cement packing plants in Marmara and Malatya, Çimsa is one of the leading producers in the Turkish cement industry. By the end of this year Aumund will supply the Eskisehir plant with six central chain bucket elevators, with centre distances between 25-68m and capacities from ...

Mixed 3Q16 results for Turkey's cement producers

01 November 2016, Published under Cement News

Turkish cement manufacturers Mardin Cimento, Adana Cimento, Unye Cimento, Bolu Cimento and Aslan Cimento have reported their third-quarter results for the July-September 2016 period. Mardin and Adana registered a decline in net profit while Unye, Bolu and Aslan witnessed an increase. Mardin Cimento's net profit for 3Q landed at TRY8.8m (US$2.8m) compared to TRY13.8m last year. Revenue for the period was reported at TRY36.8m versus TRY37.8m in the same period last year. Adana Cimento's ...

Georgia: new cement plant in partnership with LafargeHolcim

04 October 2016, Published under Cement News

Georgian Cement Company (GCC) opened its new cement plant on the 4 October 2016 in Poti, with an initial annual capacity of 0.25Mta. GCC decided on the location of the plant after market research revealed that western Georgia was mainly supplied by cement imported from Turkey. To complete the project GCC entered a partnership with Lafarge, which has since merged with Holcim to become LafargeHolcim. Construction of the plant commenced in 2014. The new plant boasts a unique laboratory based...

Vicat's 1H16 results in the USA continue to improve

04 August 2016, Published under Cement News

Vicat's first half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. The EBITDA improved by 2.3 per cent to EUR208m and the margin improved from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit improved by 45.7 per cent to EUR49m, while net debt at the end of the period amounted to EUR1059m and the gearing le...

Turkey eyes export markets

20 July 2016, Published under Cement News

The Turkish cement market appears to be on a course of recovery as the latest data indicates robust growth in the first quarter of 2016. However, to reach healthy capacity utilisation levels, particularly in view of any new capacity to come online, the country’s cement producers will continue to rely on solid export sales, which have seen a fall in recent times. By Turkish Cement Manufacturers’ Association (TÇMB), Turkey. To achieve robust capacity utilisation rates in times ahead, Tu...