Cement News tagged under: Turkey

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Goltas Goller Bolgesi Cimento inks loan for investment finance

19 May 2014, Published under Cement News

Turkish cement maker Goltas Goller Bolgesi Cimento Sanayi ve Ticaret said Friday it will sign a US$42m loan agreement with local lender Yapi Kredi to finance its investments. The company will mortgage a US$54.6m property located in the southwestern Turkish province of Isparta as collateral for the loan, it said in a bourse filing.

Catic wins waste heat recovery project from Goltas Goller Bolgesi Cimento, Tukey

01 May 2014, Published under Cement News

Turkish cement maker Goltas Goller Bolgesi Cimento Sanayi ve Ticaret said it has contracted Chinese company Catic Beijing Co Ltd to set up a waste heat recovery power plant at a total cost of some US$20m (EUR14m).

Turkish majors eye LafargeHolcim divestment opportunities

18 April 2014, Published under Cement News

Turkish cement producer are keen on acquisition opportunities that may arise from the Lafarge and Holcim merger, according to reports by Reuters. Oyak, the largest cement producer in Turkey, said it had started talks with international investment banks for possible acquisitions, and had US$3bn in cash allocated for opportunities arising from the merger. Meanwhile, Limak Holding's cement group chief executive, Gultekin Aksuyek, said it had already started working on a budget allocation for ...

Oyak eyes Europe, Africa acquisitions

10 April 2014, Published under Cement News

Turkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said on Thursday. Speaking to Reuters, Caglar said that the group is also interested in acquisition opportunities that could arise through the Lafarge and Holcim merger as the groups look to divest in assets to appease potential concerns by antitrust regulators. The company’s said on Monday that two-thirds of divestments ...

KHD wins new Turkish order, Maras performance update

09 April 2014, Published under Cement News

KHD has received order for a new 3500tpd clinker production line at Bolu Cimento’s Kazan plant. Meanwhile, the German equipment specialists have also successfully completed a recent performance test for KCS Kahramanmaras Cimento’s Maras Kiln Line II. Bolu Cimento contract The Oyak Group has awarded KHD the order for a new 3500tpd clinker line at the Bolu Cimento’s Kazan plant, located near Ankara, Turkey. The contract includes engineering, equipment supply, as well as advisory services fo...

Repeat Siwertell road-mobile unloader order in less than three months

14 March 2014, Published under Cement News

Turkish construction services company Mussa Insaat Dis Ticaret Ltd of Istanbul has ordered two road-mobile Siwertell 10 000 S cement unloaders from Cargotec in less than three months. The trailer based, diesel powered units will have a rated discharge capacity of 300tph and are scheduled for delivery in mid-May 2014 and late August 2014. "A second order, within two months of the first, is a significant vote of confidence for the operational advantages delivered by Siwertell mobile unloade...

Vicat: full-year turnover eases

11 March 2014, Published under Cement News

Turnover at Vicat eased by 0.3 per cent in 2013 to EUR2286m and EBITDA came off by 2.4 per cent to EUR427m, while at unchanged parameters they would have risen by 2.9 per cent and 0.3 per cent respectively. The trading profit emerged 3.7 per cent lower at EUR234m. The net financial charge rose by 31.2 per cent as the debt of the Indian subsidiaries Vicat Sagar and Gulbarga Power was no longer being capitalised. After an increase in the effective tax charge from 29.1 per cent to 32.4 per c...

TCMB elects new chairman

11 March 2014, Published under Cement News

Mehmet Göçmen has been elected chairman of the Turkish Cement Manufacturers Association (TÇMB) by board members at the 56th General Assembly meeting last month. Mr Göçmen is currently Sabanci Holding Cement Group President. He has previously held positions at Akcansa and Lafarge. Mr Göçmen replaces Mustafa Güçlü who has served as TÇMB chairman since 2011. Mehmet Göçmen elected as TÇMB chairman The TÇMB, which represents 68 domestic cement plants comprising 49 integrated wor...

Cimsa full-year net profit surges

07 March 2014, Published under Cement News

Turkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013. Cimsa’s income from investment activities soared to TRL145.7m in 2013 from TRL11m a year earlier, it said in its consolidated income statement on Tuesday.       The company’s consolidated operating profit increased 22.9 per cent to TRL179.5m in the review period. Consolidated revenue rose 11 per cent to TRL954m as domestic sales went up 14 per cent to TRL704m and sales abroad cli...

Limak plans two new Turkish plants

06 March 2014, Published under Cement News

Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also planning investments further afield with two projects earmarked in Africa. Gideon Aksüyek, CEO of Limak Cement Group, told local press that a 5000tpd plant will be constructed in Ankara, while another 5000tpd cement will be built in the south-central city of Kilis, 12km from the Syrian border. The two factories are schedu...