8,087.24 TL BIST 100 BIST 100
28.93 $ USD USD
€31.38 EUR EUR
38.49 TL Interest Interest
78.05 $ Fossil Oil Fossil Oil
24.51 $ Silver Silver
3.83 $ Copper Copper
129.79 $ Iron Ore Iron Ore
385.00 $ Ship Dismantling Ship Dismantling
1,889.62 TL Gold (gr) Gold (gr)

Sabancı Holding and Çimsa to make investment move in the US

Sabancı Holding and Çimsa are preparing to establish a new cement plant in the US. The two companies will step into gray cement production with an investment of 82 million dollars in the US.

Sabancı Holding and Çimsa to make investment move in the US

Çimsa will enter the production of gray cement as well as white cement in the US market.

Sabancı Holding and Çimsa's subsidiary operating in the US will establish a gray cement grinding plant in the US with an investment of 82 million dollars.

With this move, Çimsa will expand into the gray cement market as well as white cement in the US.

The plant, which has an average annual grinding capacity of 600,000 tons, is planned to be operational in the last quarter of 2025 and this investment will be fully financed by equity.

Cimsa Americas, a subsidiary owned 60 percent by Sabancı Holding and 40 percent by Çimsa, operates in the building materials sector in the US. The company also has white cement production operations in the US with an annual grinding capacity of 300,000 tons.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Iron and steel prices on an upward trend

Tuesday, December 5, 2023

"You Have the Say - Steel Conversations" discussed the challenges of the Turkish steel industry

Tuesday, December 5, 2023

Price disparity raises questions in the Middle East's steel market

Tuesday, December 5, 2023

US HRC imports fell in October

Tuesday, December 5, 2023

US crude steel production rises on a weekly basis

Tuesday, December 5, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now