Cement News tagged under: Turkey
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Cementir expects a better second half from Turkey26 July 2012, Published under Cement NewsCementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and in Turkey. EBITDA improved by 17.5% to €55.9m and a depreciation and impairment charge just 1.8% higher at €42.8m, the trading profit jumped 136.1% to €13.2m. In spite of a 14.9% increase in the net interest charge to €9.2m and helped by an 83.8% increase in the income from associates to €0.9m, a pre-tax profit of... |
Sancim Cement to build new plant in Adana, Turkey23 July 2012, Published under Cement NewsSancim Cement is to build a new cement plant in Adana, southern Turkey, according to daily Milliyet. The plant will be able to produce 1.7Mta of clinker and 2Mta cement and the investment period is expected to be around 20-22 months. |
Brazil competition authority approves Camargo purchase of Cimpor05 July 2012, Published under Cement NewsBrazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions. The main condition set by the regulator is that Votorantim, Camargo’s competitor on the Brazilian market, sells its stake in Cimpor. Votorantim and Camargo Correa both bought shares in Cimpor in 2010. Through their shareholdings in Cimpor, both Camargo Correa and Votorantim increased their share of Brazil's market. Cade als... |
Loesche supplies Europe’s largest cement mill to Turkey26 June 2012, Published under Cement NewsNuryol Cimento Sanayi ve Ticaret AS has chosen Loesche to supply mills for coal grinding, raw material and clinker grinding for the Turkish manufacturers new 4000tpd plant in Karasu, 150km east of Istanbul. Loesche’s scope of supply includeds one Loesche Mill Type LM46.4 to grind raw material at a rate of 330tph and a fineness of 12% R90 u and a Loesche Mill Type LM 28.2 D to grind coal. For cement grinding, Nuryol Cimento have selected a Loesche Mill Type LM63.3+3 including process filte... |
Borcim receives positive response to EIA, Turkey18 June 2012, Published under Cement NewsThe Environmental Impact Assessment (EIA) for a proposed cement plant by Borcim Cement Manufacturing and Trading has received approval by the Ministry of Environment and Urbanism. The new works, to be situated in the Emet district of Kutahya, will produce OPC, white and Boron Activated Belite (BAB) cement. The Directorate of Environment, Planning said in a written statement: '"Pursuant to the final EIA report, submitted to Ministry, 'Borçim Cement Factory' project 'environmental impact... |
Polimeks plant construction underway, Turkmenistan18 May 2012, Published under Cement NewsThe construction of Turkish company Polimeks new 1Mta cement plant in the Lebap region, Turkmenistan is underway, Neutral Turkmenistan reported. The main technological and additional equipment is being assembled on site and construction work on the social facilities has been completed. The railway line has been laid to the factory and a highway is being built. Most raw materials such as limestone, clay, gypsum and sand will be delivered to the plant from the local quarry. |
Turkish Competition board rules on cement cartel27 April 2012, Published under Cement NewsThe Turkish Competition Board recently rendered its decision regarding 10 undertakings operating in the cement sector in the Eastern Anatolia, Southeastern Anatolia, Eastern Black Sea and Adana regions of Turkey. It was alleged that the undertakings had increased cement prices through an agreement. During its investigation, which began in December 2011, the board conducted on-site inspections (dawn raids) at the undertakings' premises. The board found one particular document of handw... |
Sibirsky to pay out EUR4m on failed Set deal, Russia15 March 2012, Published under Cement NewsSibirsky Cement has paid out over EUR4m to the London branch of Netherlands-based ING Bank NV regarding a failed deal between the Russian producer and Italcementi for Turkish assets, according to local press reports. In 2008, Sibirsky concluded an agreement with ING Bank to organize the purchase financing of the Italcementi Set Group of Turkey which is a subisidiary of Ciments Francais (which, in turn is a unit of Italcementi). The deal was not completed and the bank demanded compensation... |
Turkish cement forecast to rise five per cent07 March 2012, Published under Cement NewsThe Turkish Cement Manufacturers Association (TCMB) forecasts that consumption could rise five per cent in 2012. Mustafa Guclu of the TCMB said domestic sales could reach 58.5Mt compared to 55.7Mt last year. Members of the association produced nearly 52.2Mt of that volume. Domestic cement sales were said to have risen 11 per cent last year over the 50Mt recorded in 2010. |