
Displaying items by tag: Türkiye
OYAK Cement records US$88m profit in first half of 2025
12 August 2025Türkiye: OYAK Cement reported sales of US$574m in the first half of 2025, with earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$140m and a net profit of US$88m.
Vice chair of the board and CIMPOR global chief financial officer Eralp Tunçsoy said “As of the first half of 2025, we have realised an investment expenditure of US$69m. With our investments, we are strengthening our leading position in the cement sector. We plan to reap the rewards of the high-value investments we have recently made in energy efficiency and sustainability in the coming years.”
Tunçsoy said “Despite the ongoing uncertainties in global markets, we are determinedly continuing our efforts to increase our footprint in the global cement market. We are present in all markets outside of our Turkish operations with our CIMPOR brand and are working to open new export channels.”
France: Vicat’s sales remained stable at €1.89bn on a like-for-like basis in the first half of 2025. This was attributed to negative currency exchange effects in Brazil, Egypt and Türkiye, and a slowdown in activity in the US. Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 2% year-on-year to €331m from €353m in the same period in 2024. Cement and concrete sales volumes dropped by 2.5% to 13.7Mt and 3.9% to 4.4Mm3 respectively. Aggregates volumes rose by 5.8% to 11.3Mt. By region sales revenue and earnings fell in France yet rose in the rest of Europe and the Mediterranean. It fell elsewhere.
“The group continues to implement its market plan, with the start-up of Kiln 6 in Senegal, a major driver of the group’s organic growth, development in the construction chemicals business with the merger between VPI and Cermix, and the acquisition of Realmix, which strengthens the group’s vertical integration in Brazil,” said Guy Sidos, Vicat’s chair and CEO.
Türkiye: OYAK Group has appointed Murat Yalçıntaş as the General Manager of its Board of Directors. He succeeds Süleyman Savaş Erdem in the post.
Yalçıntaş has worked in a wide variety of business and academic posts. Notable positions include being a member of the board of trustees of Istanbul Commerce University and CEO of BMC Automotive from 2021 to 2024. He holds a PhD in business administration from Istanbul University.
Türkiye: Limak Cement has appointed Alparslan Hazar as the director of its Trakya Plant.
Hazar has worked in the cement sector since the early 2000s. He started in production roles for Çimko Çimento before moving to Çimsa in 2017 in operations management. He then joined Limak Cement in 2023 as a Deputy Plant Director. Hazar is a graduate in chemical engineering from Istanbul University.
Türkiye: Göltaş Çimento has appointed Gökhan Yener as Cement Production Chief. Yener previously worked as a Cement Production Chief for Çimentaş Group. Before this he held production engineering roles with OYAK Cimento and Limak Cement. He is a graduate in chemical engineering from İnönü University in Malatya.
Türkiye: Akros Çimento has submitted a new environmental impact assessment (EIA) application for a 2.5Mt/yr cement plant in Burcun Village, Yenişehir district, Bursa. The facility will reportedly produce CEM I, CEM II and CEM IV Type 2 SDC cements. A previous proposal to build a cement plant on the site was cancelled by court order in 2008.
The plant will be built on 466,000m² of forest land, with 71,000m² allocated for the plant. It will use coal and industrial waste as fuel and draw water from underground sources.
Its proximity to Gemlik Port, 30km away, will support exports, with remaining output serving nearby provinces including Bursa, Balıkesir, Yalova, İzmit and Istanbul.
However, Natural Life Conservation Society (DOĞADER) president Murat Demir is protesting the plant’s construction. He said to the Bursa Hakimiyet newspaper “They will most likely receive approval, because it's very easy to get an EIA in Turkey. If the approval decision is made, we will object.”
He added “Bursa has polluted water, polluted air and polluted soil. Laws and regulations are no longer based on protecting nature, but on exploiting it. We will be filing a lawsuit against this because it will create a polluting and destructive pressure on Bursa's natural structure, especially our forests, agricultural lands, and water resources.”
Türkiye: The Malatya Metropolitan Municipality and the Malatya Chamber of Commerce and Industry plan to build a cement plant in the region through a joint venture, according to the Malatya Time newspaper. The proposed site is reportedly located near raw material resources. The City Council is reviewing a request to authorise MESTON, a municipal subsidiary, to begin feasibility studies, environmental assessments and legal preparations. The joint venture will initially be capitalised equally by both parties.
Fly ash in the UK
09 July 2025Titan Group announced this week that it will build a processing and beneficiating unit for fly ash at Warrington in the UK. The move marks both a trend in fly ash projects in the UK recently and Titan’s own focus in the country.
Titan has struck a deal to use ponded fly ash at the former Fiddler’s Ferry power station in the North-West of England. It aims to process 300,000t/yr of wet fly ash from 2027 onwards with the option to double this capacity if desired. The processed fly ash will meet the BS EN 450 standard for subsequent use in cement or concrete. Crucially, Titan intends to use the technology of its subsidiary, ST Equipment & Technology (STET). This company has a proprietary dry electrostatic process that it uses for fly ash beneficiation. Titan acquired STET in 2002. It says its process is being used at 12 power stations in the US, Canada, the UK, Poland, and South Korea. The project at Fiddler’s Ferry will be the 20th fly ash project developed with STET technology.
Titan has not commented on the specifics of its arrangement with site-owner PEEL Group other than to describe it as a ‘long-term agreement.’ It currently operates a terminal in Hull, on the other side of the country, 160km from Warrington. As for Fiddler’s Ferry, the coal-fired power plant closed in 2020. Prior to this though RockTron Group built a 800,000t/yr unit at Fiddler’s Ferry to process both ‘fresh’ and stockpiled fly ash in the late 2000s. Unfortunately the company entered administration in 2013. Later, Power Minerals was reportedly selling fly ash from the plant at the time that its closure was announced in 2019. A report commissioned by consultants Arcadis for the local council reported that ash including pulverised fuel ash (PFA) was present in the lagoons at the site.
Other companies have also been looking at the fly ash market in the UK. Invicta, a joint venture between Türkiye-based Medcem and Brett Group opened a terminal at Sheerness in Kent in 2024 to import PFA and cement. In April 2025 a ship unloader supplied by Van Aalst was delivered to the port. Then in May 2025 it was announced that Mecem is planning to build a terminal in Liverpool to import cement and supplementary cementitious materials (SCM), such as fly ash and granulated blast furnace slag. The terminal will have a combined storage capacity of 45,000t in four silos in its initial phase and is scheduled for completion in mid-2026. Meanwhile, the Drax power station said in March 2025 that it had signed a 20-year joint venture agreement with Power Minerals to process legacy PFA. A unit at the now biomass power plant in Yorkshire is scheduled to start by the end of 2026 with an initial production capacity of 400,000t/yr.
The background to this interest in fly ash in the UK appears to be a local cement sector struggling with high energy costs and low capacity-utilisation rates. Reports in local media in late June 2025 cited preliminary estimates that cement output may have reached an ‘all-time low’ in 2024. High electricity prices were blamed for the situation by the Mineral Products Association (MPA) and it warned of mounting imports from the EU and North Africa. All of this was timed to coincide with a release of a new Industrial Strategy by the UK government. For more on the UK cement sector in general see Global Cement Weekly in May 2025 and Edwin Trout’s feature in the June 2025 issue of Global Cement Magazine.
Readers will be aware of the growing attractiveness of SCMs for cement and concrete production for both cutting costs and meeting sustainability goals. A report by McKinsey on SCMs for the cement sector in late 2024 forecast that SCMs and fillers in Europe could represent an emerging value pool that could reach €8 – 10bn in 2035 as the price of cement steadily rises. The SCMs being used are likely to change as sources of industrial SCMs such as slag and ash dwindle and others such as clays, pozzolans or limestone become more available. The UK may have closed its last coal-powered power plant in 2024 but ash from ponds can still be reclaimed or ash can be imported if the economics makes sense. Recent investments by Titan, Medcem and Power Minerals suggest that the price is indeed right. The interest of two major cement exporting companies amongst the three names above also indicates changing market dynamics. Expect more of these kinds of deals and investments in the UK, Europe and elsewhere in coming years.
Oyak Cement to establish slag grinding facility
30 May 2025Türkiye: Oyak Cement will convert Mill 3 at its Darıca integrated cement plant to a slag grinding unit, according to local press reports.
The company has submitted the project to the government and the environmental impact assessment process has reportedly begun. The US$252,000 investment will add 14 jobs. The modified facility will grind 1200t/day (360,000t/yr) of slag, along with 18,000t of limestone in its other mills.
Türkiye: Cementir Holding subsidiaries Çimentaş and Alfacem have entered a binding agreement to sell 100% of Kars Çimento to Arkoz Madencilik. Kars owns a 0.6Mt/yr integrated cement plant in northeastern Türkiye. The transaction is valued at €51m and is expected to complete by the end of 2025, subject to regulatory approvals. The company currently employs approximately 90 people.
Cementir Holding chair and CEO Francesco Caltagirone said “This divestment is part of our commitment to enhancing our operational efficiency and strengthening our competitive positioning by focusing on high-growth regions.”