Displaying items by tag: Çimsa Çimento Sanayi & Ticaret
Çimsa Çimento hires DAL Teknik Makina for Mersin cement plant upgrade
23 September 2020Turkey: DAL Teknik Makina says that Çimsa Çimento has engaged its services for a cyclone replacement at its 3.4Mt/yr Mersin cement plant in Mersin Province. The upgrade consists of “modification of the first and second-stage cyclones and riser ducts in the first clinker production line, downcomer ducts modification, dip tubes, pendulum flaps, meal pipes and splash boxes installation and refractory procurement and installation.”
The group said, “The modification project will allow electrical and a small amount of heat energy reduction by reducing pressure drop and improving separation efficiency of the cyclones.”
Belgium/US: HeidelbergCement has made a shortlist of potential bidders for assets in Belgium and the US that should be divested as part of its acquisition of Italcementi, according to Bloomberg. Bidders for Italcementi’s Belgian business include Turkey’s Çimsa Çimento and Italy’s Cementir Holding. The business are valued at around US$400m. Bidders for Italcementi’s US assets include Summit Materials and CRH. This business are valued at around US$600m according to sources quoted by Bloomberg. All shortlisted bidders will face a due diligence process.
Cement firm sales set to surge 10 - 15%
25 March 2015Turkey: Sabancı Holding expects its cement business sales to rise by 10 – 15% in 2015 and is looking for acquisition opportunities, according to its chief executive Hakan Gurdal. Sabancı's cement group, which consists of Akçansa and Çimsa, posted a 16% increase in sales to US$980m in 2014.
"We are chasing opportunities for growth abroad. The financial structures of Akçansa and Çimsa are getting stronger, creating serious potential. We currently have the ability to borrow up to US$1.5bn to fund an acquisition," said Gurdal.
Sabancı Holding has long been interested in acquisitions, but has not bought any companies. Gurdal explained that this was due to geopolitical risks in the countries bordering Turkey. Gurdal added that the group had an investment target of US$117 – 129m, most of which would be invested in a plant in the Aegean province of Afyon. The plant is expected to start producing in May 2016.
Turkey: Turkish cement producer Çimsa Çimento has agreed to take over Sançim Bilecik Çimento Madencilik Beton for Euro163m. Çimsa will purchase all 87.5 million shares of Sançim Bilecik Çimento from Turkish companies AUNDE Teknik Tekstil, E.N.A. Tekstil and six individual shareholders. Sançim Bilecik Çimento has 1.4Mt/yr of cement production capacity. The transaction is subject to regulatory approval.
Turkish financial reports
10 April 2013Turkey: Adana Çimento reported a total revenue 0.1% lower in the final quarter of 2012 than in the same period of 2011, taking US$41.4m. Its net profit, however, grew by over half year-on-year, rising by 50.2% to US$19.3m for the quarter.
Batisoke Soke Çimento saw its 2012 sales revenue fall by 4.5% to U$45.0m from US$45.2m in 2011.
Bursa Çimento's saw its net profit and revenue both fall in 2012. Its net profit dropped by 73.6% to US$6.7m on revenues that were 9.2% lower than in 2011 at US$274.2m.
Çimsa Çimento saw its revenue increase by 7.9% year-on-year in 2012 compared to 2011, taking US$487m over the year. However, the company saw its net profit fall by 6.5% year-on-year to US$64.5m in 2012.
Çimentas Izmir has reported a net profit of US$16.3m for 2012, 38.2% more than it earnt in 2011. The company has made a profit in four of the past five years. The company's sales revenue came in at US$333.7m for 2012, a 6.9% improvement on 2011 when it took US$297m in sales.
Mardin Çimento made a net profit of US$20.5m in 2012 after it saw its net profit slump by 56.4% compared to 2011. The company's total revenue was down by 19.7% to US$116m.
Unye Çimento's total revenue was down by 19.7% to US$116m in the fourth quarter of 2012, while its net profit for the quarter was 46.8% higher year-on-year at US$10.5m.
Turkey: Hacı Ömer Sabancı Holding is discussing potential takeovers with several cement producers in countries near Turkey, according to reports from Bloomberg quoting the Turkish industrial group's president, Mehmet Gocmen. The planned acquisitions are part of the group's goal to double its capacity or at least increase it above 20Mt by the end of 2017. According to Gocmen, Sabancı has the financial strength to buy more than one company at a time.
At present, Sabancı has as much as 13Mt of combined cement production capacity at Çimsa Çimento Sanayi & Ticaret which it owns, and Akçansa Çimento the industrial holding's joint venture with HeidelbergCement. Akçansa and Çimsa seek growth through deals both in Turkey and abroad as Turkish regulations do not allow a single company to hold a slice larger than 25% of the domestic market.