Cement News tagged under: Turkey

RSS feed

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...

Turkey: Cimsa acquires local cement producer

17 July 2014, Published under Cement News

Sabanci group company Cimsa has acquired fellow Turkish producer Sancim Bilecik Cimento in a deal reportedly worth US$220.7m. The company signed the contract allowing it to purchase 100 per cent of Sançim Bilecik’s shares, according to a statement released by the Public Disclosure Platform (KAP) The transfer price of the shares, a nominal value of TRY87.5m has been set as US$220.7m, the statement said. Sançim was previously owned by Sönmez Holding (43 per cent), Aunde Teknik (38 per cent)...

Turkey: follow-up Bolu Cimento order for Gebr Pfeiffer

13 June 2014, Published under Cement News

During its 150th anniversary celebrations Gebr Pfeiffer SE received another order from Bolu Cimento Sanayii AS, Turkey. In addition to the three MPS mills ordered in December 2013 for Ankara-Kazan works, the new order will see Gebr Pfeiffer supply a further MPS 4500 BC mill for the grinding of granulated blast-furnace slag which will be set up at Bolu works. The mill will be identical to the cement mill that is being installed in Kazan. Featuring a 3300kW drive power, the mill is designed t...

Gebr Pfeiffer awarded contracts in Turkey, Iraq and Malaysia

12 June 2014, Published under Cement News

Gebr Pfeiffer has been awarded new contracts for its grinding technology in Turkey, Iraq and Malaysia. Four mills for Elazig cement works in Turkey In Turkey, Bilim Makina Insaat Sanayi ve Tic A/S has placed another order for four mills for its cement works in Elazig, situated to the east of Ankara. The order covers an MPS 250 BK roller mill with a drive power of 500kW for coal grinding and two safety shut-off dampers. The mill is designed to yield 35tph of petcoke, with the material bei...

Third Siwertell road-mobile cement unloader order helps with Libyan reconstruction

10 June 2014, Published under Cement News

The Turkish construction services company Mussa Insaat Dis Ticaret Ltd of Istanbul has ordered a further road-mobile Siwertell 10 000 S cement unloader from Cargotec. The trailer-based, diesel-powered unit will have a rated discharge capacity of 300tph and will be equipped with a dual bellows system and dust filter. Delivery is scheduled for the end of September 2014.   "This is the third road-mobile cement unloader order for the same customer within a very short period," says Jörgen Ojeda, ...

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 ...