Cement News tagged under: turkey
OYAK to merge five companies on Istanbul Stock Exchange19 December 2019, Published under Cement NewsTurkey's leading cement group, OYAK Holding is merging five cement companies traded on the Istanbul Stock Exchange. OYAK Group is an industrial and financial conglomerate owned by the Turkish military's pension fund. It's decision on the merger was made "to create synergies in line with our strategic plans and our targets for the cement sector," OYAK said in a statement to the Istanbul Stock Exchange late on Monday. OYAK Group said talks between its units had begun on the merger in line wi... |
TCMB support first Concrete Roads Congress28 November 2019, Published under Cement NewsThe first Concrete Roads Congress and Exhibition was recently held in Ankara, Turkey, at the KGM Halil Rıfat Paşa Conference Hall. The conference was led by the Ministry of Transport and Infrastructure, and with technical support from the General Directorate of Highways (KGM), the Turkish Cement Manufacturers' Association (TÇMB) and the European Concrete Paving Association (EUPAVE), under the theme of ‘Superstructure Solutions for the Benefit of Society’. Dr Tamer Saka, chairman of the TÇ... |
Shares of Turkish cement firms plummet10 October 2019, Published under Cement NewsTurkish Cement firms have seen a sudden drop in share prices after Turkey's military begin operations in Syria and the EU shows no interest in financing the resettlement housebuilding for 2m Syrian refugees. Last month Turkish President, Recep Tayyip Erdogan, announced his plan to create the zone along the Syrian-Turkish border where the Ankara government envisages the creation of 140 villages and 10 towns to accommodate up to 1m people. Earlier in the week, Turkish cement companies saw th... |
Turkey: rebalancing for growth09 October 2019, Published under Cement NewsFollowing the recent decline in Turkey’s economic growth the domestic cement industry set about to improve its production efficiency and foster sustainable development in a sector that continues to expand as it looks forward to sustained cement demand at home and in its export markets. By Dr Tamer Saka, Turkish Cement Manufacturers’ Association, Turkey. Exports are key in supporting capacity utilisation rates in the Turkish cement industry with shipments as far afield as the USA an... |
Çimsa: building on success08 October 2019, Published under Cement NewsÇimsa is Turkey’s leading cement exporter and the second-largest producer of white cement in the world. Building on this success, Ülkü Özcan, CEO, explains how the company is strengthening its export network and white cement capacity, and has set its sights on innovation and digitalisation. By building on its capacity to export to global destinations and increasing white cement capacity, Çimsa aims to enhance efficiency and maintain healthy growth. Innovation and digitalisation are... |
OYAK targets British Steel bid14 August 2019, Published under Cement NewsTurkish cement producer OYAK has become the front runner in the bidding to buy British Steel. The Turkish pension fund has been talking with the UK government to takeover British Steel via Ataer Holding, a wholly owned investment vehicle of OYAK, reports the Financial Times. OYAK is already a diversified company with businesses in cement, agriculture, mining and energy and a joint venture with Renault. British Steel has been in liquidation since May 2019. OYAK could use slag as a byprodu... |
Sonmez Cimento orders new WHR unit from CTP Team06 August 2019, Published under Cement NewsTurkey’s Sonmez Cimento Yapi ve Madencilik has signed a turnkey EPC contract with CTP Team (Italy) for a WHR unit at its Sonmez Cement plant. The system will have a duel-loop configuration and recover heat from the preheater and clinker cooler, according to a press release. Including a 7.8MW turbine operating at 3000rpm alongside a turbo generator, the new ORC system is expected to provide a net power generation of 51mkWh per year. Therefore, covering approximately 30 per cent of the pla... |
Turkish cement producers see exports surge 46% in 1H1908 July 2019, Published under Cement NewsCement exports from Turkey in the first half of 2019 have increased by 46 per cent YoY to US$444m, according to the Turkish Cement Manufacturers’ Association (TÇMB). TÇMB Chairman, Nihat Özdemir, said that the sector continues to contribute to Turkey's economy by producing approximately 71Mt of clinker and 75Mt of cement annually in 2018. "In the first six months of the year, cement exports increased by 38 percent to 5.3 million tons, while clinker exports soared 116 percent to 6 million to... |
Turkish cement sales decline 41% in Jan-Apr 201905 July 2019, Published under Cement NewsTurkish cement sales in the local market declined 41 per cent YoY in the January-April 2019 period due to a weak housing market, the overall slowdown in the country’s economy and unfavourable weather conditions, according to Nihat Ozdemir, head of the Turkish Cement Manufacturers' Association (TCMB). In line with the demand issues, production fell 33 per cent YoY in the first four months of 2019. Mr Ozdemir also stated that the price of cement is currently around EUR35/t, which “is well be... |
Baticim puts Batisoke stake of up to 75% for sale14 June 2019, Published under Cement NewsBaticim, part of the Turkey-based Bati Anadolu Group, is looking to sell a stake of up to 75 per cent in Batisoke, according to a Reuters report citing a source close to the process. Unlu & Co financial services group has been appointed to handle the sale, for which interested parties should complete due diligence for binding and non-binding offers in July to September. Batisoke is reportedly forecast to make EBITDA of US$14m in the FY19-20. In the first quarter, the company posted a net... |