Displaying items by tag: Cimsa Sabanci Cement

US: Çimsa and Sabancı Holding subsidiary Çimsa Americas plans to invest US$82m in the construction of a new 600,000t/yr grey cement grinding plant in the US. Daily Sabah News has reported that the company expects to complete the plant’s construction by the end of 2025.

Çimsa Americas already operates a 300,000t/yr white cement grinding plant in the US.

Netherlands: 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.