Displaying items by tag: Çimsa Çimento
Mexico: Cemex has closed the sale of its white cement business outside of Mexico and the US for US$155m to Turkey-based Çimsa Çimento. The assets sold include the company’s Buñol white cement plant in Valencia, Spain. The group said that the proceeds from the sale would be used to fund its bolt-on investment growth strategy in its core businesses and geographies, and contribute to debt reduction.
Spain: Cementos Molins has completed the acquisition of a white cement terminal in the Port of Alicante from Turkey-based Çimsa. The unit includes a 10,000t silo and it will be able to supply over 50,000t/yr from the site. The producer also plans to use the terminal to bolster exports from its 0.7Mt/yr integrated white cement plant at Kairaouan in Tunisia, which is operated by subsidiary Société Tuniso-Andalouse de Ciment Blanc (SOTACIB). It distributes products from this plant to over 15 countries.
Spain: Turkey-based Çimsa Çimento intends to complete its acquisition of Cemex’s Buñol white cement plant in June 2021. Local government says that the purchase agreement has been in place since 2019 but has delayed by the international nature of the deal and competition concerns, according to Agencia EFE. Çimsa Çimento agreed to buy Cemex’s white cement business in Spain, including its Buñol plant, for around US$180m in March 2019. It was originally scheduled for completion in the second half of 2019.
Exports continue to drive Çimsa’s sales so far in 2020
11 November 2020Turkey: Çimsa’s net sales grew by 27% year-on-year to Euro175m in the first nine months of 2020. Its operating profit more than doubled to Euro37.1m. Local sales grew faster than export sales in the reporting period but export revenue remains greater than domestic revenue. Chief executive officer (CEO) Umut Zenar reflected this when he praised the company’s strong export performance despite the challenges posed by coronavirus.
Sabanci Holding and Çimsa launch Cimsa Sabanci Cement
01 October 2020Netherlands: Turkey-based Sabanci Holding and subsidiary Çimsa have announced the launch of Cimsa Sabanci Cement, a 60:40 subsidiary of both companies, based in the Netherlands. Reuters News has reported that Sabanci Holding plans to use the new company “to reach its goal of becoming a leading player in the global white cement trade.”
Cimsa Sabanci Cement will buy 70% of shares in Cimsa Adriatico Cement, Cimsa Americas Cement, Cimsa Cementos España and Cimsa Cement Sales North. Other assets will be sold off, including its 1.5Mt/yr Alicante integrated grey cement plant to Cementos Molins, according to Alimarket-Construcción News.
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.