Cement News tagged under: Turkey
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. |
Italcementi exits Turkish cement market16 February 2012, Published under Cement NewsCiments Français (part of the Italcementi Group) and its wholly-owned subsidiary Parcib, have signed a deal with Cimsa for the sale of 51 per cent of the capital of Afyon for TRY1,530,000. The overall value of the sale has been fixed at TRY57,530,000, a memo explains. Transfer of the shares to Cimsa and the payment for them will take place when the deal is completed, once the necessary authorisation has been obtained from the monopoly watchdog. The final price could then be subject ... |
Akcansa and Cimsa seek acquisitions08 February 2012, Published under Cement NewsTwo of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this year, Bloomberg reports. According to Mehmet Gocmen, Head of Haci Omer Sabanci Holding – which has a stake in both producers – said the companies are looking at purchases in Turkey’s geographical region. The targets could be base in central and southern Europe to the Caucasus and Middle East, he said. Mr Gocem noted that both Akcansa and Cimsa have sufficient equity to make the... |
Afyon Cimento sale expected in February – source31 January 2012, Published under Cement NewsThe sale of Turkish cement producer Afyon Cimento is expected to be completed in February and 3-4 binding offers have been received, a source close to the matter disclosed to Reuters. Ciments Francais, a unit of Italcementi, said last May it may sell its 51 per cent stake in Afyon Cimento either through a block sale to a strategic investor or a public offering. |
Ciments Francais seeks to keep Sibstem advance payment13 January 2012, Published under Cement NewsCiments Francais said it wants to keep a EUR50m advanced payment by SibCement for Turkish cement assets which the latter did not acquire, according to local press reports. Ciments Francaise filed a suite with the Supreme Arbitration Court on 20 December to recognise a ruling by the Istanbul Arbitration Court made on 7 December 2010. Under the ruling, the French company did not have to repay the advance payment to SibCement. In March 2008, Sibtsement announced that it would acquire Turk... |