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Afyon CEMENT A.S. (Turkiye)

Main Activities: Cement Manufacturing
Full name: Afyon Cimento Sanayi Anonim Sirketi Profile Updated: September 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Afyon Cimento Sanayi Anonim Sirketi, located in Istanbul, is a subsidiary of Çimsa. The company started production in 1957 with a wet system kiln, and later converted to a semi-wet system in 1965, increasing its clinker production capacity. In 1966, a second furnace was commissioned, further increasing the factory's production capacity. In 2012, Afyon Çimento Sanayi TA Ş. was acquired by Çimsa. In 2014, the company invested $170 million to establish a new production facility in Halımoru Village of Afyon, with a capacity of 1,500,000 tons/clinker. In 2017, Afyon Cement Factory moved to its new, modern, and environmentally friendly campus. The old factory was terminated after the new factory became operational. The new facility not only showcases advanced technology and environmental features but also provides advantages to its employees, reflecting Çimsa's high level of production and management approach.

Legal Address
Kucukbakkalkoy District, Kayisdagi Street No 1, Allianz Tower Floor:23-24, Atasehir
Istanbul; Marmara; Postal Code: 34750

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Website: http://www.afyoncimento.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 15, 1954
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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51%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
51.1%
Total operating revenue
50.73%
Operating profit (EBIT)
-4.73%
EBITDA
30.12%
Net Profit (Loss) for the Period
-53.51%
Total assets
289.26%
Total equity
373.24%
Operating Profit Margin (ROS)
-12.3%
Net Profit Margin
-19.26%
Return on Equity (ROE)
-32.83%
Debt to Equity Ratio
-5.34%
Quick Ratio
-0.11%
Cash Ratio
0.66%

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