Ciner Group

Last updated

Ciner Group A.Ş.
Company type Anonim Şirket
Founded7 March 1978;46 years ago (1978-03-07) [1]
Headquarters
Üsküdar, Istanbul
,
Turkey
Key people
 Turgay Ciner (Chairman and President) [2]
Number of employees
9,700 [1]
Website cinergroup.com.tr/en

Ciner Group (known as Park Holding until December 1994) [1] is a Turkish family-owned conglomerate that operates in five main sectors: energy and mining, natural soda ash, glass and chemicals, maritime and shipping, and news and entertainment media. Ciner Group was formed in 1978 and is majority-owned by Turgay Ciner. [3]

Contents

Operations

WE Soda

WE Soda is a soda ash producer. [4] [5] The company was founded in 2009 at the Eti Soda plant and is located in the Beypazarı district of Ankara. [6] It operates two large facilities in Turkey, producing over five million tons of natural soda ash annually, which is sold in almost eighty countries around the world. [7] Following the acquisition of Trona reserves from Rio Tinto in 2010, the neighboring Kazan Soda Elektrik plant was officially opened in 2018. [8] In 2015, Ciner acquired a majority stake in OCI Chemical Corporation, which was later renamed Ciner Resources Corporation. This company operates a soda ash facility in the Green River Basin in Wyoming, US. [9] In November 2021, Ciner Group announced it had sold 60% of its US soda ash business to the American company Sisecam Chemicals. [10]

Ciner Glass

Ciner acquired land in the Bozüyük Industrial Zone in 2011 to produce glass packaging products. Park Glass opened its first production line in 2013 and completed its second line in 2015. A third furnace is under construction at its Park Cam facility.[ citation needed ] The company produces 1,000 tons of glass per day. [11] In Europe, the UK-based Ciner Glass announced expansion plans in 2021 and 2022 for new manufacturing sites to be based in Belgium and South Wales. [12] [13] In May 2020, Ciner Glass announced it would establish a glass container bottle manufacturing plant in Ebbw Vale, Wales. The plant is expected to create 600 jobs. The company received planning permission to begin work on the site in June 2022. [14] In February 2023, Ciner Glass acquired a site at Lommel in Belgium to build a glass container facility. [15] [16]

Ciner Media

Ciner Media currently operates three TV channels in Turkey, alongside other media interests. Turgay Ciner's entry into the media sector started with a partnership with Sabah Group in 1998. After this venture ended, Ciner Group purchased Kanal 1 and the Habertürk channel. [17] The Habertürk newspaper discontinued their print publication in July 2018 and became an online-only platform. In 2010, Ciner launched Bloomberg HT, a 24-hour financial news channel in a partnership with the global news and business information service Bloomberg Media. [18]

Energy and mining

In 2000, Turgay Ciner refocused one of his textile businesses on the energy sector and formed Park Electric. In 2003, the firm established the Şırnak Silopi power station. The first 135 MW unit was commissioned in 2009, with two additional 135 MW units developed in 2015 to bring installation capacity up to 405 MW. Park Electric sold its copper mine assets in March 2017, and the company redirected its business towards energy and bought the Konya Ilgin thermal power plant. [19] [20] Turgay Ciner set up the thermal power company Park Thermic and bought the Çayırhan power station, which became the first privatized thermal power plant in Turkey. [21] [22]

Ciner Shipping

Ciner Shipping Holding is a Malta-based holding company that initially had a fleet of 29 vessels comprising bulk cargo, tankers, and container ships. Ciner Shipping currently has 22 bulk carriers. [23] Park Shipping has been operating Hopa Port at the eastern edge of the Black Sea since its privatization in 1997. It provides docking facilities for around 250 ships a year. [24]

Greenhouse gas emissions

Climate TRACE estimates the company's two coal-fired power stations emitted over five million tons of the country's total 730 million tons of greenhouse gas in 2022, [25] [26] and it has been placed on the Urgewald Global Coal Exit List. [27]

See also

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References

  1. 1 2 3 "About the group". cinergroup.com.tr. Retrieved 17 July 2023.
  2. ↑ Businessweek, Company Overview of Ciner Group
  3. ↑ "Ciner Group: Private Company Information – BusinessWeek". 17 April 2011. Archived from the original on 17 April 2011. Retrieved 17 July 2023.
  4. ↑ "Our Operations | WE Soda". www.wesoda.co.uk. Retrieved 17 July 2023.
  5. ↑ "WE Soda IPO: Soda ash producer to make its debut in London stock exchange". mint. 7 June 2023. Retrieved 17 July 2023.
  6. ↑ "ETI Soda | Bus Ex". www.bus-ex.com. Retrieved 17 July 2023.
  7. ↑ Warren, Alasdair (17 July 2023). "For a whole world of reasons, WE Soda's chosen London for our listing". The Times . ISSN   0140-0460 . Retrieved 17 July 2023.
  8. ↑ "Kazan Soda Elektrik full capacity delayed to May, soda ash being exported – company official". ICIS Explore. Retrieved 17 July 2023.
  9. ↑ "OCI Sold to Ciner Group". Sweet Water Now. 26 October 2015.
  10. ↑ "Turkey's Sisecam to buy 60% of U.S. based soda ash facility for $450 mln". Reuters . 20 November 2021.
  11. ↑ "Turkey's Ciner to Set Up $375 Million Glass Plant, Dunya Says – Bloomberg". 15 September 2011. Retrieved 17 July 2023.
  12. ↑ "Ciner Glass to build €400 million Belgium glass packaging factory". Glass International. Retrieved 17 July 2023.
  13. ↑ "Ciner Glass is investing in Wales | GlassOnline.com – The World's Leading Glass Industry Website". 20 June 2022. Retrieved 17 July 2023.
  14. ↑ "'A great day': Glass factory which could create more than 1,000 jobs approved". South Wales Argus. 16 June 2022. Retrieved 17 July 2023.
  15. ↑ "Exclusive Ciner Glass article | Glass Worldwide Magazine". www.glassworldwide.co.uk. Retrieved 17 July 2023.
  16. ↑ "Turkse groep Ciner investeert half miljard euro in nieuwe glasfabriek in Lommel". vrtnws.be (in Dutch). 16 December 2022. Retrieved 17 July 2023.
  17. ↑ "Habertürk". eurotopics.net. Retrieved 17 July 2023.
  18. ↑ "Bloomberg launches Turkish channel with Ciner". Broadband TV News. 6 October 2009. Retrieved 17 July 2023.
  19. ↑ "Energy and Mining". www.haberturk.com. Retrieved 17 July 2023.
  20. ↑ Carmen (7 December 2021). "Ciner Kazan Soda Combined Cycle Cogeneration Plant, Turkey". Power Technology. Retrieved 17 July 2023.
  21. ↑ Cavusoglu, Ibrahim; Yilmaz, Erol; Yilmaz, Ali Osman (1 May 2021). "Sodium silicate effect on setting properties, strength behavior and microstructure of cemented coal fly ash backfill". Powder Technology. 384: 17–28. doi:10.1016/j.powtec.2021.02.013. ISSN   0032-5910. S2CID   233544314.
  22. ↑ "ÇAYIRHAN THERMAL POWER PLANT". www.euas.gov.tr. Retrieved 17 July 2023.
  23. ↑ Admin (28 June 2023). "Ciner Shipping | HandyBulk" . Retrieved 17 July 2023.
  24. ↑ İstanbul, M. D. N. (27 May 2014). "The changing nature of ship ownership in Turkey". MarineDeal News (in Turkish). Retrieved 17 July 2023.
  25. ↑ "Explore Map". Climate Trace . Retrieved 10 March 2024.
  26. ↑ "Explore Map". Climate Trace . Retrieved 10 March 2024.
  27. ↑ "Explore the Data". coalexit.org. 2023.
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