Displaying items by tag: Cimsa
Sabancı Holding makes changes to senior management
19 August 2020Turkey: Sabancı Holding has appointed Umut Zenar as the general manager of Çimsa following the departure of Ülkü Özcan. Zenar’s previous role as the general manager of Akçansa, a joint venture between Sabancı and HeidelbergCement, will be filled by Mehmet Zeki Kanadıkırık. The changes will take effect from the start of September 2020.
Zenar holds a Master of Business Administration (MBA) from Boğaziçi University in Istanbul. He started his professional career in 2003 as a Business Development Specialist at Zorlu Holding before joining Akçansa in 2004. After working in sales, marketing and business development roles he moved to Oyak Cement Concrete Paper Group in 2016 as a general coordinator before returning to Akçansa as its general manager in 2018.
Kanadıkırık holds a degree in mechanical engineering from Middle East Technical University in Ankara. He started his career worked for Çukurova İthalat, Brisa, Lubrekip, Kordsa and Tekstil Servis. In 2006 he became the Production Manager at Kordsa Turkey and subsequently became the Manufacturing Director of Kordsa Turkey, the Operations Director of Thai Indo Kordsa and the Chief Operating Officer (CEO) of Asia Pacific for Kordsa in 2015.
Çimsa launches white cement product at World of Concrete trade fair
12 February 2020US: Turkey’s Çimsa has launched a new white cement product for the US market at the World of Concrete trade fair in Las Vegas. The subsidiary of Sabancı Holding has showcased its Çimsa Aluminates and Çimsa Super White product ranges.
“As one of the largest grey cement producers of Turkey, Çimsa is among the top three in the global league of white cement. We have increased our visibility in the global cement industry through our investments abroad,” said, Çimsa’s chief executive officer (CEO) Ülkü Özcan. He added that the cement producer founded its Cimsa Americas Cement Manufacturing and Sales Corp in the US in 2017. It then started operations at a grinding mill in Houston, Texas in 2019.
Çimsa launches presence in the US
31 January 2018US: Turkey’s Çimsa has launched a new subsidiary in the US at the World of Concrete event in Las Vegas. The company has set up the Cimsa Americas Cement Manufacturing and Sales Corporation to target its products at the US market. It also promoted white cement products at the fair including its Super White, Crafta, Recipro and Resisto brands.
Çimsa Cimento and Baticim places orders with Aumund
28 November 2016Turkey: Aumund Fördertechnik has received orders from Çimsa Cimento and Baticim. Çimsa Cimento has now ordered about 60 machines for cement plants in Eskisehir and Niğde. Baticim has order 41 machines for its cement plant in Söke.
By the end of 2016 Aumund will supply the Eskisehir plant with six central chain bucket elevators, with centre distances between 25 - 68m and capacities from 40 - 400t/hr. The package also comprises 10 belt bucket elevators with centre distances between 17 - 95m and capacities from 200 - 350t/hr. Also six Aumund 800mm pan conveyors with centre distances between 15 - 47m and capacities from 150 - 250t/hr were ordered. Aumund SPB pan conveyor ordered for the Eskişehir plant has a centre distance of 42m and a capacity of 250t/hr. This particular model is equipped with three discharge stations. Finally, the plant has ordered three trough chain conveyors.
For the Niğde plant Aumund will supply three central chain bucket elevators, with centre distances between 25 - 37.5m and capacities from 50 - 400t/hr. The order also comprises six belt bucket elevators with centre distances between 31 - 91m and capacities from 250 - 350t/hr. To convey clinker a bucket apron conveyor with a centre distance of 40m and a capacity of 250t/hr will be used. The clinker dust will be transported by three trough chain conveyors.
Batisöke Söke Cimento will take delivery in mid-2017 of 14 central chain bucket elevators, with centre distances between 22 - 43m and capacities from 130 - 600t/hr. The order also comprises five belt bucket elevators with centre distances between 60 - 125m and capacities from 300 - 650t/hr, and 15 Aumund pan conveyors with widths ranging from 800 - 1400mm, centre distances between 49 - 146m and capacities from 300 - 600t/hr. Six sets of truck loading equipment will also be supplied.
Çimsa’s operating profit up by 13%
23 August 2013Turkey: Çimsa Çimento has announced that its consolidated net profit surged to Euro82m in the first half of 2013 from just Euro18.5m in the first half of 2013, a rise of 343% year-on-year. Its first-half performance was mainly driven by income from investment activities of Euro53.9m compared to just Euro3.4m a year earlier.
Çimsa's operating profit rose by 13% to Euro26.8m in the six months to 30 June 213 as revenue increased by 18% to Euro176.7m. Its first-half domestic sales rose by 22% to Euro125.9m, while sales abroad were up by 9.0% to Euro50.8m.
The company's second-quarter consolidated net profit jumped to Euro72.8m from Euro15.7m, in the second quarter of 2012. This represents a rise of 363%. Second-quarter revenue increased by 5.7% year-on-year to Euro105.2m.
Turkish authority probes price setting behaviour
12 June 2013Turkey: Turkey's Competition Authority said on 11 June 2013 that it had launched a probe into the local cement producers Çimsa Çimento and Oyak Adana Çimento on allegations of price setting.
The authority said that data gathered during a preliminary inquiry was sufficient to open an investigation into whether or not the two companies had violated competition regulations by setting prices for white cement.
Turkish companies report on 2011
12 June 2012Turkey: Four Turkish cement producers have released annual financial results for the 2011 calendar year. Bolu Cement saw its total revenue increase by 22.2% to Euro79.7m and a net profit increase of 44.7% to Euro8.8m, ensuring profits in each of the last three years.
Meanwhile, Adana Cement saw a total revenue of Euro144.7m in 2011, up by 6.7% year-on-year. It extended its profit run to four consecutive years, although this slumped by nearly a quarter to Euro33.7m.
Cimsa Cimento saw a fifth consecutive year of strong results, with revenue and net profit both up. Revenue hit Euro352m, up 12% year-on-year and net profit was up by 19% to Euro54m.
Baticim Bati Anadolu Cimento also saw an increase in its revenue, a 10.6% increase to Euro158.4m and a near-70% increase in net profit, which rose to Euro11.1m from a low base.
Italcementi exits Turkey
16 February 2012Turkey: Italcementi has announced that it has reached an agreement to sell 51% of its Afyon Turkish unit to Cimsa Cimento Sanayi ve Ticaret AS for Euro25m. The stake and the payment will be done at the closing of the operation, which has to be cleared by antitrust authorities. With the closing of this deal, and following the 2011 divestment of Set Group, Italcementi will be left without any presence on the Turkish market as a cement producer.
Cimsa to seek arbitration against Chihuahua
23 August 2011Bolivia: The Bolivian investment holding Cimsa, which is the majority shareholder of the country's largest cement firm, Soboce, has said that it will seek arbitration against Mexican cement firm Grupo Cementos Chihuahua for allegedly violating a partnership agreement.
GCC withdrew from Bolivia in a recent deal after completing the sale of its 47% share in Soboce, a private firm, to Peru's Consorcio Cementero del Sur, a subsidiary of Grupo Gloria.
Cimsa, owned by Bolivian opposition politician Samuel Doria, had a preferred interest in GCC's stake under Bolivian law, the company said in a statement.
"Cimsa will begin an arbitration process so that the failure to comply with the shareholder agreement and Cimsa's right of first refusal are adequately remediated, and the sale of the shares by GCC can be reversed," read a statement issued by Cimsa.
Earlier in 2011, GCC pulled out of a planned USD100m investment in a Bolivian housing project, citing a lack of legal security. In September 2010 Bolivia's government nationalized 33.4% of Soboce's shares in the state cement producer Fancesa. Soboce says it has yet to receive any compensation.