Cement News tagged under: Turkey

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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...

Turkey: CRH and Eren Holdings plan sale of JV

03 October 2014, Published under Cement News

CRH and its Turkish partner Eren Holdings have applied to Turkey's competition regulator to sell their joint venture, Denizli Cimento, to army pension fund OYAK Group, according to a statement on the watchdog's website. Irish building materials major CRH and Istanbul-based Eren each hold a 50 per cent stake in Denizli.  No price was given for the disposal. CRH has embarked on a disposal plan under new chief executive Albert Manifold and plans to sell at least 10 per cent of its net as...

Sabanci Holding eyes LafargeHolcim assets

24 September 2014, Published under Cement News

Turkish conglomerate Sabanci Holding plans to bid for some of the assets Lafarge and Holcim must sell to receive approval from competition watchdogs ahead of its planned merger, a source with knowledge of the deal told Reuters. Sabanci is aiming for growth through acquisitions and said in March that it plans to spend TRL1-1.5bn (US$448-672m) on such investments. "Preparations are being made for a bid in December," the source said, adding that Sabanci is interested mainly in European busine...

CRH to sell Turkish joint venture

14 August 2014, Published under Cement News

CRH and its Turkish partner, Eren Holding AS, have hired JPMorgan Chase & Co to help sell their cement joint venture in Turkey, according to reports in the Irish Times. Sources familiar with the matter say that three potential bidders are among those shortlisted and the sale process for Denizli Cimento Sanayaii TAS could be finalised as early as October. Companies including Sabanci Holdings, Limak Holding AS and Oyak are reportedly interested in the unit in which CRH holds a 50 per cent sta...

Turkish producers divest of power unit

08 August 2014, Published under Cement News

Turkish cement producers Batisoke Soke Cimento Sanayii and Baticim Bati Anadolu Cimento Sanayii have sold their jointly-owned power unit Tezli Dere Elektrik Uretimi. Batisoke has sold its 36 per cent stake in the power company to local investors Salih Yaman and Huseyin Sumer for a total of US$216,150, while Baticim has sold its 64 per cent stake to Salih Yaman for US$383,850, the cement companies said in separate bourse filings on Wednesday.

A TEC awarded preheater optimisation contract at Turkish cement works

21 July 2014, Published under Cement News

A TEC Production & Services GmbH has been awarded an engineering contract for the upgrade and efficiency optimisation of Çimentas Elazig’s preheater at its cement plant in Elazig in Anatolia, Turkey. The scope of modifications comprises the redesign of all four cyclone stages, riser ducts and related equipment with the target to reduce the total preheater pressure drop by approximately 25 per cent and increase of the production capacity by at least eight per cent on a sustainable basis. T...