Türkiye: Cementir Holding subsidiaries Çimentaş and Alfacem have entered a binding agreement to sell 100% of Kars Çimento to Arkoz Madencilik. Kars owns a 0.6Mt/yr integrated cement plant in northeastern Türkiye. The transaction is valued at €51m and is expected to complete by the end of 2025, subject to regulatory approvals. The company currently employs approximately 90 people.
Cementir Holding chair and CEO Francesco Caltagirone said “This divestment is part of our commitment to enhancing our operational efficiency and strengthening our competitive positioning by focusing on high-growth regions.”
