Cement News tagged under: Turkey

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Sabanci cement unit seeks acquisition opportunities

25 March 2015, Published under Cement News

Turkey-based Sabanci Holding's cement business expects its sales to rise 10-15 per cent this year after posting a 16 per cent increase to TRL2.5bn (US$980m) in 2014, the cement unit's chief executive said. Sabanci's cement arm is also looking for acquisition opportunities and could borrow up to US$1.5bn to fund an acquisition, Hakan Gurdal told Reuters in an interview.

Vicat shows good profit growth in the USA, India and Africa

11 March 2015, Published under Cement News

Vicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per...

Titan Egypt's profits decline, but Greece and the USA recover

06 March 2015, Published under Cement News

Titan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the previous year. There was a pre-tax profit of EUR46.8m compared with a EUR9.4m loss the year before. At...

Siwertell secures new Medcem order, Turkey

29 January 2015, Published under Cement News

Siwertell, part of Cargotec, recently secured a road-mobile unloader order from Medcem Global Pazarlama AS, in Turkey. This is the third order of its kind received from the operator in 18 months. Mr Koray Kandemir, Director of Projects for Medcem Global said: "We are planning and processing cement terminal projects in various countries, therefore, to get maximum benefit, we have to be very careful when choosing project equipment. Siwertell mobile unloaders provide the ability to operate in...

Siwertell’s third road-mobile unloader delivery to Turkish customer

23 January 2015, Published under Cement News

Siwertell, part of Cargotec, delivered a road-mobile unloader to Muhammet Gümüstas AS in Istanbul, Turkey, following an order signed November 2013. This is Siwertell's third road-mobile unloader delivery to the operator since 2012. Another Siwertell road-mobile unloader delivered to Muhammet Gümüstas AS, Turkey The trailer-based, diesel-powered, Siwertell 10 000 S road mobile unloader will be used to discharge cement at 300tph. The unit was built at Siwertell's manufacturing pr...

Sançim Cimento acquired by Askale Çimento.

09 January 2015, Published under Cement News

Turkish cement producer Sançim Cimento (Sançim) has been acquired by Askale Çimento, according to local news reports. The acquisition follows the recently aborted acquisition of Sancim by domestic cement major Cimsa, for EUR185.14m. The new owner of Sancim is a joint-venture of Sonmez Holding (43 per cent), Aunde Teknik (38 per cent), E.N.A. Tekstil (10 per cent) and Umut Insaat (nine per cent).

Baticim Enerji signs loan agreement, Turkey

04 December 2014, Published under Cement News

Turkish renewable energy producer Baticim Enerji Elektrik Uretim has signed a US$40m loan agreement with local lender Akbank, Baticim Enerji’s affiliate company Baticim Bati Anadolu Cimento Sanayii said. Baticim Enerji will use the 10-year loan to finance balance settlements for its Kovada I, Kovada II and Hasanlar hydropower plants (HPP), Baticim Bati Anadolu Cimento said in a bourse filing on Tuesday. The 8.25MW Kovada I HPP, the 51.2MW Kovada II HPP and the 10 MW Hasanlar HPP have an...

Turkey: Afyon Cimento to relocate plant

25 November 2014, Published under Cement News

Turkish cement producer Afyon Cimento Sanayi has decided to invest US$165m (EUR133m) to reloctate its cement plant from Afyonkarahisar in western Turkey. The company will reconstruct the 0.55Mta cement plant at a new site in Halimoru village in the same district and will upgrade the plant with modern technology, the company said.

Oyak Group eyeing Lafarge and Holcim assets

14 November 2014, Published under Cement News

Oyak Group, Turkey’s largest cement producer, has US$2bn in cash for acquisitions and may spend some of it on assets Holcim and Lafarge are looking to shed ahead of their planned merger. The head of the Ankara-based company told Bloomberg in an emailed statement that the group is interested in Holcim and Lafarge businesses in the eastern European countries of Romania, Serbia and Hugary. “We are interested in bidding as Oyak or together with a European group” for assets, Caglar said. Oyak ...

Holcim Awards 2014 winners for Africa Middle East announced in Beirut

17 October 2014, Published under Cement News

The 12 winning projects of the Holcim Awards 2014 Africa Middle East have been announced in Beirut, with a green building in Turkey, an urban forest rehabilitation in Lebanon, and a low-cost housing plan in Ethiopia receiving the top prizes. The projects, which were recognised with a total of USD330,000 in prize money, focus mainly on enhancing social and environmental resilience, as well as the economy of construction, Holcim said in a statement. "The winning submissions show the developme...