Turkish industrial firms report financial results and investment plans

Çimsa Çimento announced its third-quarter financial results, reporting a net profit of 1.77 billion TL, which exceeded market expectations of 1.71 billion TL. The company's revenue for the quarter reached 14.92 billion TL, representing a 2.3% increase on an inflation-adjusted basis compared to the previous year. While domestic sales revenue declined by 20%, international sales grew by 15%, with international sales now accounting for 69% of gross revenue. This growth was supported by a 13.3% increase in international sales volume, aided by a gray cement grinding plant in the US and rising white cement sales.

Separately, Türkiye Şeker Fabrikaları AŞ (Türkşeker) announced plans to invest 5.5 billion TL next year to focus on production efficiency and modernization. General Manager Muhiddin Şahin stated that the company is renewing key production components such as diffusers, boilers, automation, and centrifuges. Türkşeker reported that its total investment since 2022 has reached approximately 5.5 billion TL. The company also highlighted its digital 'Pancar Takip Sistemi' (Beet Tracking System), which has reduced unregistered planting rates from 7.5% to 2% over three years.