One of Türkiye’s largest conglomerates Sabancı Holding and Turkish cement producer Çimsa have agreed to ascertain a grey cement grinding plant within the United States with an funding of $82 million (round TL 2.2 billion), based on the mutual announcement made by the businesses Thursday.
Çimsa, with its subsidiary working within the U.S., will enter the grey cement market within the United States, along with the white cement market.
The facility, with a mean grinding capability of 600,000 tons per 12 months, will probably be operational by the top of the fourth quarter of 2025 and will probably be absolutely financed with fairness.
Çimsa Americas, wherein Sabancı Holding holds 60% and Çimsa holds 40% shares, operates in building supplies within the U.S.
The firm has an annual white cement grinding capability of 300,000 tons within the U.S.
Source: www.dailysabah.com
