PROJECT

Projects

Summary of Investment Information

Project Number

33753

Company Name

CIMKO CIMENTO VE BETON SANAYI TICARET ANONIM SIRKETI

Date SPI Disclosed

Sep 20, 2013

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Oct 21, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Manufacturing

Previous Events

Approved : Dec 17, 2013
Signed : Jan 2, 2014
Invested : Jul 22, 2014

Sector

Cement

Project Description

Cimko Cimento ve Beton Sanayi ve Ticaret A.S. (“Cimko”, the”Company”) is an existing IFC client which produces cement and ready mixed concrete. The Company has two cement plants in Kahramanmaras, and Adiyaman; and various ready mix concrete plants in the Southern-Anatolian region of Turkey. The project includes efficiency improvement investments, addition of three new Ready mixed concrete plants to its existing facilities, and working capital needs of the Company. This is a brownfield-investment. The purpose of the project is to make Cimko more efficient and cost-competitive.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation