Displaying items by tag: Eren Holding

UK: Medcem, a subsidiary of Turkish conglomerate Eren Holding, and UK-based Peel Ports Group will begin construction of a new deep-water cement terminal at the former P&O site at Gladstone Dock, Liverpool. Construction is scheduled to start at the end of May 2025, according to Construction Management magazine.

The €41m project’s first phase will include four silos with a combined capacity of 45,000t for cement and supplementary cementitious materials. The 2.3-hectare site allows for future expansion and increased capacity in subsequent phases. Completion is expected by mid-2026.

Medcem business development and investments director Enver Celikbas said “This new terminal significantly strengthens our presence in the UK market, consolidating our position as the leading provider of low-carbon cement and cementitious materials in Europe. The logistical advantages of Liverpool allow us to enhance our ability to accommodate large vessels and product handling.”

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.

Cameroon: 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.