Çimsa, established in 1972, is an international cement manufacturer and one of the leading companies in the Turkish cement industry.[1] Turkish conglomerate Sabanci Holding owns 49 percent of Çimsa’s shares.[2] Sabanci Holding owns large shares in the financial services, energy, cement, retail, and industrials sector, with multinational business partners that include Ageas, Aviva, Bridgestone, Carrefour, E.ON, HeidelbergCement, Marubeni,and Philip Morris.
Currently, Çimsa has five plants all over Turkey and six international terminals, including one in Famagusta, Northern Cyprus.[3] Çimsa has served the Northern Cyprus market since 2005 with a subsidiary, Çimsa Cement Free-Zone Ltd. The company installed a terminal with 5,000 tons of gray-cement storage capacity at Famagusta Free Port and Zone in Northern Cyprus, importing gray cement in bulk from the Mersin Cement Plant in Turkey and selling to Northern Cyprus businesses.[4]
[1] Çimsa, “About,” https://www.cimsa.com.tr/en/corporate-profile/about-cimsa/about-cimsa/i-139.
[2] Çimsa, “Shareholder Structure,” https://www.cimsa.com.tr/en/investor-relations/corporate-governance/shareholder-structure/shareholder-structure/i-40.
[3] Çimsa, “About” https://www.cimsa.com.tr/en/corporate-profile/about-cimsa/about-cimsa/i-139.
[4] Çimsa, Annual Report 2015, https://www.cimsa.com.tr/ca/docs/71DDECEE521E470BA4ADA95A091840/9C07CEC9A31F49DE97614769FA35E3EA.pdf.
