Ciner Group
{{Short description|Turkish industrial conglomerate}}
{{Use dmy dates|date=June 2025}}
{{Infobox company
| name = Ciner Group A.Ş.
| logo = Ciner_Group_logo.png
| type = Anonim Şirket
| founder =
| founded = {{Start date and age|1978|03|07|df=y}}
| key_people = Turgay Ciner (Chairman and President)Businessweek, [https://web.archive.org/web/20110417044927/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24964431 Company Overview of Ciner Group]
| industry =
| products =
| revenue =
| net_income =
| location_city = Üsküdar, Istanbul
| location_country = Turkey
| homepage = {{url|cinergroup.com.tr/en}}
}}
Ciner Group (known as Park Holding until December 1994){{cite news|title=About the group |url=https://www.cinergroup.com.tr/en/about-us |website=cinergroup.com.tr |access-date=17 July 2023}} is a Turkish family-owned conglomerate that operates in four main sectors: energy and mining, natural soda ash, container glass, and shipping. Ciner Group was formed in 1978 and is majority-owned by Turgay Ciner.{{Cite web |date=17 April 2011 |title=Ciner Group: Private Company Information – BusinessWeek |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24964431 |access-date=17 July 2023 |archive-url=https://web.archive.org/web/20110417044927/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24964431 |archive-date=17 April 2011 }}
Operations
=WE Soda=
WE Soda is a soda ash producer.{{Cite web |title=Our Operations {{!}} WE Soda |url=https://www.wesoda.co.uk/our-business/operations |access-date=17 July 2023 |website=www.wesoda.co.uk}}{{Cite web |date=7 June 2023 |title=WE Soda IPO: Soda ash producer to make its debut in London stock exchange |url=https://www.livemint.com/companies/news/we-soda-ipo-worlds-largest-soda-ash-producer-go-public-london-stock-exchange-uk-stock-market-turkey-ciner-group-11686120829704.html |access-date=17 July 2023 |website=mint}} The company was founded in 2009 at the Eti Soda plant and is located in the Beypazarı district of Ankara.{{Cite web |title=ETI Soda {{!}} Bus Ex |url=https://www.bus-ex.com/article/eti-soda |access-date=17 July 2023 |website=www.bus-ex.com}} 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.{{Cite news |last=Warren |first=Alasdair |date=17 July 2023 |title=For a whole world of reasons, WE Soda's chosen London for our listing |newspaper=The Times |url=https://www.thetimes.com/uk/article/for-a-whole-world-of-reasons-we-sodas-chosen-london-for-our-listing-ng56xlz0b |access-date=17 July 2023 |issn=0140-0460}} Following the acquisition of Trona reserves from Rio Tinto in 2010, the neighboring Kazan Soda Elektrik plant was officially opened in 2018.{{Cite web |title=Kazan Soda Elektrik full capacity delayed to May, soda ash being exported – company official |url=https://www.icis.com/explore/resources/news/2018/03/07/10200306/kazan-soda-elektrik-full-capacity-delayed-to-may-soda-ash-being-exported-company-official |access-date=17 July 2023 |website=ICIS Explore}} 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.{{Cite web |date=26 October 2015 |title=OCI Sold to Ciner Group |url=https://www.sweetwaternow.com/oci-sold-ciner-group/ |website=Sweet Water Now}} In November 2021, Ciner Group announced it had sold 60% of its US soda ash business to the American company Sisecam Chemicals.{{Cite news |date=20 November 2021 |title=Turkey's Sisecam to buy 60% of U.S. based soda ash facility for $450 mln |work=Reuters |url=https://www.reuters.com/markets/deals/turkeys-sisecam-buy-60-us-based-soda-ash-facility-450-mln-2021-11-20/}}
=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|date=July 2023}} The company produces 1,000 tons of glass per day.{{Cite news |date=15 September 2011 |title=Turkey's Ciner to Set Up $375 Million Glass Plant, Dunya Says – Bloomberg |url=https://www.bloomberg.com/news/articles/2011-09-15/turkey-s-ciner-to-set-up-375-million-glass-plant-dunya-says |access-date=17 July 2023}} 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.{{Cite web |title=Ciner Glass to build €400 million Belgium glass packaging factory |url=https://www.glass-international.com/news/ciner-glass-to-build-eur400-million-belgium-glass-packaging-factory |access-date=17 July 2023 |website=Glass International}}{{Cite web |date=20 June 2022 |title=Ciner Glass is investing in Wales {{!}} GlassOnline.com – The World's Leading Glass Industry Website |url=https://www.glassonline.com/ciner-glass-is-investing-in-wales/ |access-date=17 July 2023}} 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.{{Cite web |date=16 June 2022 |title='A great day': Glass factory which could create more than 1,000 jobs approved |url=https://www.southwalesargus.co.uk/news/20215277.ciner-glass-factory-blaenau-gwent-approved/ |access-date=17 July 2023 |website=South Wales Argus}} In February 2023, Ciner Glass acquired a site at Lommel in Belgium to build a glass container facility.{{Cite web |title=Exclusive Ciner Glass article {{!}} Glass Worldwide Magazine |url=https://www.glassworldwide.co.uk/Articles/exclusive-ciner-glass-article |access-date=17 July 2023 |website=www.glassworldwide.co.uk}}{{Cite web |date=16 December 2022 |title=Turkse groep Ciner investeert half miljard euro in nieuwe glasfabriek in Lommel |url=https://www.vrt.be/vrtnws/nl/2022/12/16/turkse-ciner-investeert-half-miljard-euro-in-nieuwe-glasfabriek/ |access-date=17 July 2023 |website=vrtnws.be |language=nl}}
=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.{{Cite web |title=Energy and Mining |url=https://www.cinergroup.com.tr/en/http://en.cinergroup.com.tr/energy-and-mining |access-date=17 July 2023 |website=www.haberturk.com}}{{Cite web |last=Carmen |date=7 December 2021 |title=Ciner Kazan Soda Combined Cycle Cogeneration Plant, Turkey |url=https://www.power-technology.com/marketdata/ciner-kazan-soda-combined-cycle-cogeneration-plant-turkey/ |access-date=17 July 2023 |website=Power Technology}} 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.{{Cite journal |last1=Cavusoglu |first1=Ibrahim |last2=Yilmaz |first2=Erol |last3=Yilmaz |first3=Ali Osman |date=1 May 2021 |title=Sodium silicate effect on setting properties, strength behavior and microstructure of cemented coal fly ash backfill |url=https://www.sciencedirect.com/science/article/pii/S0032591021001169 |journal=Powder Technology |volume=384 |pages=17–28 |doi=10.1016/j.powtec.2021.02.013 |s2cid=233544314 |issn=0032-5910|url-access=subscription }}{{Cite web |title=ÇAYIRHAN THERMAL POWER PLANT |url=https://www.euas.gov.tr/en-US/power-plants/cayirhan-thermal-power-plant |access-date=17 July 2023 |website=www.euas.gov.tr}}
=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.{{Cite web |last=Admin |date=28 June 2023 |title=Ciner Shipping {{!}} HandyBulk |url=https://www.handybulk.com/ciner-shipping/ |access-date=17 July 2023}} 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.{{Cite web |last=İstanbul |first=M. D. N. |date=27 May 2014 |title=The changing nature of ship ownership in Turkey |url=https://www.marinedealnews.com/the-changing-nature-of-ship-ownership-in-turkey/ |access-date=17 July 2023 |website=MarineDeal News |language=tr}}
=Ciner Media=
Ciner Media previously operated three TV channels in Turkey, alongside other media interests. Turgay Ciner's entry into the sector started with a partnership with Sabah Group in 1998. After this venture ended, Ciner Group purchased Kanal 1 and the Habertürk channel.{{Cite web |title=Habertürk |url=https://www.eurotopics.net/en/148592/habertuerk |access-date=17 July 2023 |website=eurotopics.net}} 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.{{Cite web |date=6 October 2009 |title=Bloomberg launches Turkish channel with Ciner |url=https://www.broadbandtvnews.com/2009/10/06/bloomberg-launches-channel-in-turkey-with-ciner-mipcom/ |access-date=17 July 2023 |website=Broadband TV News}} These assets were sold to Can Group in 2025, a deal announced in December 2024.{{cite web|title=Turkish Media Giant Changes Hands: Haberturk and Show TV Sold to Can Group |url=https://n24.com.tr/en/turkish-media-giant-changes-hands-haberturk-and-show-tv-sold-to-can-group |website=n24.com.tr |date=24 December 2024 |access-date=5 June 2025}}
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,{{Cite web |title=Explore Map |url=https://climatetrace.org/explore/asset-25455161 |access-date=10 March 2024 |website=Climate Trace}}{{Cite web |title=Explore Map |url= https://climatetrace.org/explore/asset-25452371 |access-date=10 March 2024 |website=Climate Trace |language=en}} and it has been placed on the Urgewald Global Coal Exit List.{{Cite web |year=2023 |title=Explore the Data |url= https://www.coalexit.org/data |access-date= |website=coalexit.org}}
See also
References
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