Safi Holding has completed the sale of Sancim Bilecik Cement

Safi Çimento Inc., a subsidiary of Safi Holding, purchased 100% of Sancim’s shares.

The acquisition process of Sancim, a subsidiary of Askale Group, by Safi Cement Inc. was completed successfully. Sancim, whose foundation was laid in 2008, operates in the Southern Marmara, Northern Aegean and Central Anatolian Regions.

The factory, located in Bilecik, has a production capacity of 1.2 million tons/year of clinker and 1.5 million tons/year of cement, thanks to its proximity to the Marmara Region, it will continue its sales and marketing activities for export purposes, thanks to its proximity to both the domestic market and Safiport Derince Port, a part of Safi Holding, by using its train and logistics advantages.

Safi Holding, which is a family company, is a strong organization that provides employment for 5,400 people, although it operates in many fields such as international port management, sugar production, energy-solid fuel, ship-ownership-guidance and tugboat services.

Safi Holding, which carries out its activities with 100% domestic and national capital, will continue to contribute to the Turkish economy and the future of our country with the business volume and export capacity it will create together with cement production.

Source: Sabah / Translated by Irem Yildiz

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