Heidelberg Materials to raise Akçansa stake to nearly 80%
Heidelberg Materials has agreed to increase its shareholding in Turkey-based cement producer Akçansa to 79.44 per cent, strengthening its position in the country and the wider M...
Akcansa Cimento
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Sabanci receives offer for Akçansa stake
Sabanci Holding announced it received a binding offer for its 39.72 per cent stake in Türkiye-based cement and concrete producer Akçansa Cimento for an enterprise value of appro...
Sabanci Holding receives binding offer for Akçansa stake
Sabanci Holding has received a binding offer from an unrelated third party to acquire its 39.72 per cent stake in Akçansa Çimento , according to a disclosure filed with Türkiye’...
Akçansa Çimento reports increase in revenue and profit
Turkey’s Akçansa Çimento has announced revenue of TRY8.9bn (US$471.7m) in 2022, compared to TRY2.87bn in the previous year. Net profit over the same timeframe has risen from TRY...
Akcansa Cimento appoints new general manager
Akçansa Cimento , a joint venture between Sabancı Holding and Heidelberg Materials , has appointed Vecih Yılmaz as its new general manager. Mr Yılmaz replaces Mehmet Zeki Kanadi...
Akçansa certified at Gold level for responsible use of resource certification
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 ...
Sabanci reportedly considers the sale of three facilities
Turkey’s Sabanci Holding is considering the sale of three of its cement factories, according to Reuters. The factories include Çimsa’s Kayseri (1.1Mta) and Nidge (0.81Mta) units...
Turkey: Akcansa Çimento sees 1.8% rise in FY16 net profit
Akcansa Çimento reported largely-stable revenues of TRY1.46m (U$398.1m) for 2016, when compared with TRY1.46bn in 2015. FY16 net profit increased to TRY286.4m in 2016, up 1.8 pe...
Sabanci Holdings on the cement acquisition trail, Turkey
Turkish industrial group Sabanci Holdings is reportedly on the acquisition trail both at home and abroad as it seeks to double its capacity in five years. The group is currently...
Akcansa and Cimsa seek acquisitions
Two 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 Ha...