Displaying items by tag: Adocim

Türkiye: Titan Cement has finalised the sale of its 75% share in Adocim following regulatory approvals. The group will continue to operate cement grinding and supplementary cementitious assets elsewhere in Türkiye. Titan Cement says that the divestment forms part of its broader strategy to strengthen its portfolio.

Türkiye: Titan Cement has agreed to sell its 75% stake in Adocim Cimento Beton to Mugla Cimento (50%) and Yurt Cimento (25%) for US$87.5m. The assets include a cement plant, terminal and related infrastructure in eastern Türkiye.

The transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Titan Cement will retain its grinding and supplementary cementitious materials assets in other parts of the country.

Türkiye: Adocim says that it has successfully commissioned a new four-silo cement terminal at the Port of Samsun, Samsun Province. The producer says that the terminal has a storage capacity of 45,000t. The facility will serve the producer's Portland limestone cement (PLC) export operations to countries including the US.

Parent company Titan Cement Group said "This new investment will enable us to further increase our sales of lower carbon cement, contributing to our group’s Net Zero goal towards a greener and more sustainable future."

Turkey: Greece’s Titan Group has reached an agreement to increase its share in its joint venture, Adocim Çimento Beton Sanayi ve Ticaret. At present the cement producer is a 50-50 joint-venture operated with Cem Sak Group since 2008. The arrangement will see it buy an additional 25% share in Adocim and dispose of its 50% share of a grinding plant. The transaction is conditional upon approvals by regulatory authorities and is expected to be concluded by the end of November 2018.

Adocim owns an integrated cement plant with a production capacity of 1.5Mt/yr, a grinding unit with a production capacity of 0.6Mt/yr and three ready-mix concrete units.