Displaying items by tag: Türkiye
Italy: Cementir’s acquisition of Compagnie des Ciments Belges has propped up its sales revenue, volume and operating profit for the first half of 2017. Its sales revenue rose by 31.3% year-on-year to Euro631m in the first half of 2017 from Euro481m in the same period in 2016. However, on a like-for-like basis its sales revenue fell by 1.5%. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 68.5% to Euro85.1m from Euro72m but fell by 4.9% on a like-for like basis. Its sales volumes of cement rose by 34% to 6.37Mt from 4.75Mt but fell by 2.4% on a like-for-like basis. The group blamed its poor like-for-like performance on falling revenue in Turkey and Malaysia despite good results in Denmark, Norway, Sweden, China and Italy.
“Results in the first half 2017 were up thanks to the effect of the acquisitions concluded in the second half 2016, which added Euro16.6m to EBITDA, despite adverse changes in exchange rates. On a like-for-like basis, the improvement in EBITDA in Egypt, Italy, China and Norway partially compensated lower earnings in Turkey and, to a lesser extent, in Denmark and Malaysia, as well as the depreciation of foreign currencies against the Euro – mainly the Egyptian Pound and the Turkish Lira,” said Francesco Caltagirone Jr, Chairman and Chief Executive Officer (CEO).
Turkey: Brazil’s Votorantim is set to inaugurate a Euro140m upgrade project at its Sivas cement plant. The project has been part of the cement producer’s strategy to increase its revenue outside of Brazil, according to the Valor Economico newspaper. The upgrade has seen the plant’s cement production capacity rise to 1.8Mt/yr from 0.6Mt/yr. Prior to the investment the plant accounted for around 19% of Votorantim’s 3Mt/yr production in Turkey and once fully operational it will account for 42%. The plant will supply the market with CEM I and CEM II products.
Company president Walter Dissinger said that international sales account for 40% of group revenue. However it is hoped that this will recede to 30% once the Brazilian market starts to recover. The company is also building an upgrade at its Charlevoix plant in the US.
Israel: Danny Tal, the Trade Levies Commissioner at the Ministry of Economy and Industry, is investigating a claim that cement from Turkey and Greece is being dumped in the local market. The Melet Har Tuv Company originally made the claim to the ministry, according to the Globes business newspaper. In its claim Melet Har Tuv alleged that cement normally sold in Greece was being solid for about 85% of the value in Israel.
"The complainant has reasonably proved that it manufactures in Israel goods that are similar to the imported goods regarding the raw materials, manufacturing processes, physical attributes, marketing channels, the use and the treatment by consumers,” said Tal.
The country’s biggest cement producer Nesher supported the claim in April 2017 and this helped initiate the investigation. Data provided by Har Tuv to the Trade Levies Commissioner suggest that the market share the local cement companies have fallen following the increase of imports. Nesher’s market share fell to 65% from 75% and Melet Har Tuv’s share fell to 5.8% from 10%. It is alleged that LafargeHolcim is the main company ‘flooding’ the local market.
Brazil: Votorantim’s net revenue from its cement business fell by 14% year-on-year to US$731m in first quarter of 2017 from US$848m in the same period in 2016. The cement and steel producer blamed the continuing decline on an 8% drop in cement consumption which triggered lower sales volumes and prices. Negative currency exchange effects also contributed to the situation as the country continued to suffer from the on going political crisis and the resulting negative effects on the local economy. The company’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for its cement division decreased by 49% to US$60.9m from US$119m.
Outside of Brazil the group started up a 1.2Mt/yr expansion project in Turkey in April 2017. In North America its good performance driven by strong demand and cost optimisation helped to offset the group’s overall performance. In China the group sold ‘non-core’ assets worth Euro30m in May 2017.
KHD wins order to upgrade Nuh Çimento ball mill
09 May 2017Turkey: KHD has been awarded the contract to upgrade Nuh Çimento’s existing ball mill grinding unit in Hereke-Kocaeli located in Marmara. With this upgrade, the plant will increase the grinding capacity from 212t/hr to 408t/hr at 4000cm3/g according to Blaine. This will be the largest upgrade project to date for KHD. Commissioning is scheduled for the start of 2018.
NUH Cimento’s plant contains one of the largest ball mills in the world with a diameter of 5.8m, a length of 17.84m and a 10.4MW drive unit. The mill has been used for around nine years at the site. For the upgrade, KHD will install two new identical Comflex grinding systems next to each other, which can be operated independently, in addition to the existing ball mill system. The new compact system will allow for a significant reduction in the installation height of the Complex system.
The contract includes: two Comflex SC16-3250 clinker grinding units; two roller press RPM 16-170/180 with Rolcox system for control and monitoring; two VS 620 type cascade separators as static classifiers; two Sepmaster SKS-VC 3250 type efficiency separators as dynamic classifiers; two HKSK 190/265 system fans; and a two years spare parts package including one spare roller.
Uzbekistan: Turkey’s DAL Teknik Makina has ordered a MVR 5000 R-4 cement grinding mill from Gebr. Pfeiffer for a project in the Surxondaryo region. The mill will have a 3700kW drive and it will be able to grind 400t/hr of cement. Feed material with a moisture level of up to 7% will be ground to a fineness of 12% R 0.090mm. The mill will be ready for shipping later in 2017. The project is the second mill that DAL Teknik Makina has ordered from Gebr. Pfeiffer.
Bedeschi provides update on terminal for Sönmez Çimento
22 March 2017Turkey: Bedeschi has released more information about its contract with Sönmez Çimento to help build a clinker and cement export terminal in the Adana Yumurtalık Free Zone. The contract was awarded in April 2016. A slewing, luffing and travelling type shiploader, equipped with a telescopic chute, will be installed at the plant’s port terminal. The shiploader will be able to load vessels of up to 55,000DW and beam 32.2m. The nominal loading capacity of the machine is of 1000t/hr with a peak flow rate of 1100t/hr. The equipment will include de-dusting systems, such as filters, installed on board to reduce the dust pollution caused by material flow between belt conveyors.
Mehmet Göçmen appointed new head of Sabancı Holding
08 March 2017Turkey: Mehmet Göçmen has been appointed as the new chief executive officer of Sabancı Holding, the owner of several Turkish cement companies including Çimsa and Akçansa. He replaces Zafer Kurtul, who will vacate his position from 30 March 2017. Göçmen currently serves as Sabancı Holding Energy Group Head.
Göçmen graduated from the Department of Industrial Engineering at the Middle East Technical University in 1981. He also holds an MS degree from the Department of Industrial Engineering at Syracuse University in the US. He worked in executive positions between 1983 and 1995 at Steel Wire & Rope Industry, at Lafarge between 1996 and 2003 and he was appointed as General Manager of Akçansa in 2003. He has served as Human Resources Group Head, Cement Group Head and Energy Group Head at Sabancı Holding since 2008.
Medcem Cameroon to inaugurate grinding plant
13 December 2016Cameroon: 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.
Korfez wins order for shell lining system in Turkey
29 November 2016Turkey: Korfez Eng. has signed an order with a cement producer to supply a new shell lining system. The scope of the order is a complete replacement of a wear shell lining for a single-compartment mill with an effective grinding length of 4m and 14.5m, the mill discharge and complete new manhole covers in modified execution. The complete lining is of a wave profile type WAVE 35/50 in a highly wear-resistant steel castings with 27% chromium content. The complete contract scope will be completed and delivered within a month and a half.