48329
CIMSA CIMENTO SANAYI VE TICARET ANONIM SIRKETI
Jan 13, 2025
Turkiye
Central Asia and Turkiye
Oct 4, 2024
B - Limited
Active
Jan 13, 2025
Regional Industry MAS MCT
Manufacturing
Approved : Oct 4, 2024
Signed : Nov 1, 2024
Invested : Dec 4, 2024
Cement
The proposed IFC’s financing (the IFC Loan) is to be provided to Çimsa Çimento San. ve Tic. A.S. (Cimsa or the Company), a publicly listed cement and building materials manufacturer with global footprint thanks to its operations in Türkiye, Germany, Italy, Spain, USA and Cyprus. The IFC Loan, structured as a Green Loan, will help fund Cimsa’s multi-year investment program aimed at decarbonizing its plants in Türkiye (the Project). The Project is to be completed by 2027 and comprises (a) modernization investments (including reduction in clinker usage by increased use of additives in cement production); (b) energy efficiency investments (incl. system changes for increased use of alternative fuels and waste heat recovery improvements); and (c) ground-mounted solar panel installations for captive use.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Küçükbakkalköy Mahallesi Kayisdagi CaddesiNo:1 Allianz Tower Kat: 23-24Atasehir / Istanbul Türkiye