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News Sabanci Holding and Çimsa launch Cimsa Sabanci Cement

Sabanci Holding and Çimsa launch Cimsa Sabanci Cement

Written by Global Cement staff 01 October 2020
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Netherlands: Turkey-based Sabanci Holding and subsidiary Çimsa have announced the launch of Cimsa Sabanci Cement, a 60:40 subsidiary of both companies, based in the Netherlands. Reuters News has reported that Sabanci Holding plans to use the new company “to reach its goal of becoming a leading player in the global white cement trade.”

Cimsa Sabanci Cement will buy 70% of shares in Cimsa Adriatico Cement, Cimsa Americas Cement, Cimsa Cementos España and Cimsa Cement Sales North. Other assets will be sold off, including its 1.5Mt/yr Alicante integrated grey cement plant to Cementos Molins, according to Alimarket-Construcción News.

Last modified on 07 October 2020
Published in Global Cement News
Tagged under
  • Sabancı Holding
  • Çimsa Çimento
  • Çimsa
  • Cimsa Sabanci Cement
  • corporate
  • White cement
  • Türkiye
  • Netherlands
  • Cimsa Adriatico Cement
  • Cimsa Americas Cement
  • Cimsa Cementos España
  • Cimsa Cement Sales North
  • Plant
  • Divestments
  • Cementos Molins
  • GCW476
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