Displaying items by tag: Eren Holding
Türkiye: Ahmet Eren, the chair of Eren Holding, says that its Medcem Çimento subsidiary will double its cement production capacity to 7Mt/yr in 2024. Eren made the comments in an interview amongst revealing investment plans, in other sectors, according to Bloomberg. Medcem Çimento selected Sintek Group to build a new 9000t/day production line at its integrated Mersin plant in late 2021. Germany-based Aumund was also reported in 2022 to be supplying equipment for the project.
Medcem Cameroon to inaugurate grinding plant
13 December 2016Cameroon: Medcem Cameroon, a subsidiary of Turkey’s Eren Holdings, is set to inaugurate its cement grinding plant in Douala in mid-December 2016. The plant originally started selling cement in October 2015 before it left the market, according to the African Press Agency. It has since resumed selling its cement. The plant has an investment of US$21m it has a production capacity of 0.6Mt/yr. It is the fourth cement plant in the country bringing the national production capacity to 43Mt/yr.
Turkey: Ireland's CRH and its Turkish partner Eren Holding AS have hired JP Morgan Chase & Co (JPM) to help sell their cement joint venture in Turkey. CRH and Eren Holding each own a 50% stake.
Companies including Haci Omer Sabançi Holding AS (SAHOL), Limak Holding AS and Oyak Cement Group are interested in the plant. The three potential bidders are among those shortlisted and the sale process for the venture, which is known as Denizli Çimento Sanayii TAS, could be finalised by October 2014.
Denizli produces about 3% of Turkey's and 31% of western Turkey's total clinker output, according to its website. It is aiming to increase its sales to Euro86.8m in 2014 from Euro76.1m 2013.