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2 clusters · 2 sources · 25 days · First seen · Last updated

Turkish cement company investment in Syria

Overview

Çimko, a subsidiary of SANKO Holding, has initiated a $200 million investment to establish an integrated cement factory in the Al-Muslimiyah area of Aleppo, Syria. This project, the first of its kind from Turkish origin in the country, operates under a Build-Operate-Transfer model.

Following a formal protocol signed between SANKO Holding and the Syrian company OMRAN, the facility is designed to produce 1.5 million tons of clinker and 2 million tons of cement annually. The investment is intended to support regional reconstruction efforts and strengthen Çimko’s international market presence.

Entities

OMRAN · SANKO Holding · Türkiye Şeker Fabrikaları AŞ · Aleppo · Muhiddin Şahin

Timeline

  1. [BUSINESS] 2 sources
    Turkish industrial firms report financial results and investment plans

    Çimsa Çimento exceeded third-quarter profit expectations with 1.77 billion TL, while Türkşeker plans a 5.5 billion TL investment for production modernization.

  2. [BUSINESS] 7 sources
    Çimko to invest $200 million in Syrian cement factory

    Çimko, part of SANKO Holding, is investing approximately $200 million to build an integrated cement factory in Aleppo, Syria, to support regional reconstruction and local supply.

Sources

bloombergHT.com · ekonomigazetesi.com