Cement News tagged under: turkey
Can Titan expect a better 2019?24 May 2019, Published under Cement NewsThis week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge... |
Titan reports 13% advance in 1Q turnover but EUR6.2m net loss23 May 2019, Published under Cement NewsGreece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E... |
Dal Engineering Group wins multiple orders16 May 2019, Published under Cement NewsDal Group has reported the signing of a number of new orders in the cement sector in Colombia, Russia, Egypt and Qatar. Dal Machinery & Design (Dal Engineering Group) has been awarded the contract for delivering two surface feeders with a capacity of 2x200tph to Cementos Argos' Rio Claro cement plant in Colombia. According to the planned schedule, the installation of two surface feeders was executed in December 2018 and they are now fully operating. Dal Machinery & Design's surface fe... |
Aumund to supply nine machines for Aslan plant modernisation15 May 2019, Published under Cement NewsGermany’s Aumund Fördertechnik GmbH has won an order from Aslan Cement Inc, comprising of nine machines in total. The order forms part of the complete modernisation of Aslan’s plant in Darıca, Kocaeli province, Turkey, which will see it ramp up clinker production capacity to 6600tpd. The company will supply a 225tph BWZ-L bucket elevator to feed the raw meal, as well as three different models of BWG belt bucket elevators with capacities of up to 500tph. The latter models will be used for ra... |
Vicat can expect higher returns in USA and Brazil10 May 2019, Published under Cement NewsThis week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and the strength of cement demand in some of the countries where it is operating. In France, where the company's headquarters are located, the market has been one of the key supports in Vicat's 8.1 per cent rise in turnover to EUR225m. The company cited favourable macroeconomic and industry conditions supported by high ... |
Cemex Ventures teams up with TEFKEN Ventures in construction27 March 2019, Published under Cement NewsCemex Ventures Corporate Capital Unit has signed a collaboration agreement with T EFKEN Ventures, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing and real estate sectors. The businesses will develop synergies between them to innovate the construction industry. The two investment funds will work to invest in new technologies and innovative solutions to drive the revolution of the construction industry on a global basis. Agendas and events will be co... |
Cemex to sell white cement plant to Çimsa21 March 2019, Published under Cement NewsCemex has announced that it has reached a binding agreement with Çimsa Çimento to divest its white cement business, including its Buñol plant in Spain, for approximately US$180m. The final agreement is expected to be signed in April 2019, with the closure of the sale forecast for 2H19. The divestment does not include the company's white cement business in Mexico or the investment in USA-based Lehigh Cement. The deal is part of Cemex's ongoing restructure, with the potential proceeds to be m... |
TCMB analysis of Turkish cement sector11 March 2019, Published under Cement NewsThis week, Nihat Ozdemir, chairman of the Board of Directors of the Turkish Cement Manufacturers' Association (TCMB), spoke on the priorities of the Turkish cement sector as well as looking back on 2018 and sharing his expectations for 2019. Nihat Ozdemir noted that an increase in domestic sales took place in the Aegean region in 2018 and that exports improved significantly. "We have reached approximately 90Mta capacity within the 54 integrated plants operating throughout the coun... |
TCMB analysis of Turkish cement sector08 March 2019, Published under Cement NewsThis week, Nihat Ozdemir, chairman of the Board of Directors of the Turkish Cement Manufacturers' Association (TCMB), spoke on the priorities of the Turkish cement sector as well as looking back on 2018 and sharing his expectations for 2019. Nihat Ozdemir noted that an increase in domestic sales took place in the Aegean region in 2018 and that exports improved significantly. "We have reached approximately 90Mta capacity within the 54 integrated plants operating throughout the country as ... |
Sabanci Holding to invest TRY6bn in 201928 February 2019, Published under Cement NewsSabanci Holding, one of Turkey's largest conglomerates, has said it is planning a total of TRY6bn (US$1.13bn) of investments this year. "This figure excludes any acquisitions or mergers that may emerge within the year based on strategic developments," Sabanci said in a filing with Borsa Istanbul. "Rebalancing in the Turkish economy has begun. We are expecting long-term reforms after the [March 31 local] elections. We have taken our precautions. We will continue to produce and invest," said... |