Cement News tagged under: Turkey

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Votorantim Cimentos reports net profits of BRL1.6bn in 2021

01 April 2022, Published under Cement News

Votorantim Cimentos ended 2021 with net profit of BRL1.6bn (US$337m), an increase of 244 per cent compared to 2020, primarily due to better operating results with growth in sales in all regions where the company operates and gains related to the consolidation of acquisitions made in North America and Spain. Global net revenue was BRL22.3bn, an increase of 33 per cent compared to 2020, as a result of the combination of favourable pricing dynamics, especially in Brazil and North America, ...

Türkçimento starts to see impact of Russian-Ukrainian war following a challenging year

25 March 2022, Published under Cement News

Fatih Yücelik, chairman of the Board of Directors of Türkçimento , expressed that the Turkish cement sector has started to observe the impacts of the Russia-Ukraine crisis very heavily and fast.     Mr Yücelik said, “The meeting we held with Mehmet Muş, Minister of Commerce, last week on the Russian-Ukrainian crisis took place in a very productive and constructive atmosphere. Even if this crisis keeps on in the forthcoming period, the solution-oriented approach of the Minister, the in...

Titan Cement records revenue growth of EUR1714.6m in 2021

18 March 2022, Published under Cement News

Titan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019).   ...

Cementir records strong regional results in 2021

11 March 2022, Published under Cement News

Cementir 's regional markets results for 2021 produced increasing revenues in all markets. The highest revenues outside of Italy were recorded in Belgium and France. Norway and Sweden In 2021 sales revenues in Norway and Sweden amounted to EUR193.6m (EUR176.4m in 2020) while EBITDA recorded 22 per cent growth to EUR 21.2m (EUR 17.4m in 2020).   In Norway ready-mixed concrete sales volumes increased by around four per cent compared to the previous year with a more favourable trend i...

Medcem Cement to install its second WHR plant

11 March 2022, Published under Cement News

Medcem Cement has a nnounced that it will produce 22 per cent of the electricity it needs, as it expects to commission its second waste heat recovery (WHR) system soon.  Medcem Cement ( Eren Holding Group ) currently provides enough green energy to supply 25,000 houses without consuming any resources. It recovers gas emissions with a temperature of ~350˚C to generate electricity from steam. Thanks to the process, the company also prevented 31,000t of CO 2 emissions to the enviro...

Çimsa's Afyon cement plant opens WDF facility

07 March 2022, Published under Cement News

Çimsa's new investment 'Opium Waste Derived Fuel Feeding Facility' has commenced operations at the company's Afyon factory . The facility was established to reduce the use of fossil fuels in cement production and a make the production process more sustainable production by using alternative fuels. It is expected to apply circular economy principles by using wastes from different sectors. Thanks to the facility, which was completed in nine months with an investment of TRY52m (US$3.65...

Türkçimento rings alarm over coal price rise due to Ukraine war

04 March 2022, Published under Cement News

Coal prices in Turkey have seen a more than 50 per cent hike in the past week due to the Russian invasion into Ukraine, according to Volkan Bozay, chair of Turkey’s cement association, Türkçimento. He warned that the domestic cement industry faced an “imminent crisis”. “Cement companies imported 5Mt of coal last year and Russia was the main supplier. Each US$10 increase in coal prices pushes the cost for cement production up by around US$1.50,” he said, adding that in the past week, the ri...

Afyon Cimento increases turnover by 53% in 2021

24 February 2022, Published under Cement News

Çimsa 's subsidiary Afyon Çimento increased its turnover in 2021 by 53 per cent compared to the previous year, from TRY270m (US$19.5m) to TRY413m. Net profits rose from TRY17m to TRY77m with an increase of 351 per cent.   Çimsa General Manager, Umut Zenar, said,  "Despite the changing world order as of 2020 and the economic conditions affected by this, we achieved successful fi nancial results in 2021. As Afyon Cement, we strengthen our in fl uence in the domestic market with our ex...

Akçansa certified at Gold level for responsible use of resource certification

04 February 2022, Published under Cement News

Akçansa Büyükçekmece Factory (HeidelbergCement) has been re-certified at the 'Gold' level and  Akçansa Çanakkale plant  has been certified at at the 'Gold' level for ‘Responsible Use of Resources Certification System’ by the Concrete Sustainability Council. Akçansa General Manager, M Zeki Kanadıkırık, said: "Responsible sourcing is a very important issue for our industry. As in our 2030 Sustainability Goals, we try to use alternative sources more. In line with our circular ...

Net zero from the ground up

18 January 2022, Published under Cement News

The drive towards net-zero cement production is having an impact on all parts of the supply chain, including raw material extraction. For Nuh Çimento it was a rallying call to make mining operations more sustainable, starting with its excavators. By Halim Tekkesin, Ahmet Gitmez, Sami Zengin, Yusuf Mentes and Sabri Karabay, Nuh Çimento, Turkey Çimnak Co, part of Nuh Çimento, supplies 3.7Mta of marl and 3.3Mta of limestone to the cement producer The steep rise in energy prices see...