Kazan Soda Elektrik, within Ciner Group, will make investment with Chinese Tianchen Corporation (TCC) engineering Company on soda Ash and cogeneration. The investment, which will reach 1 billion 350 billion dollars in total, will create new employment of 2200 people.
Ciner Group will reach net export figure of 1 billion 750 million dollars per year with this investment. Total soda ash production capacity of Ciner Group will reach 4.5 million with soda ash of 2.7 million tons to be produced.
IT WILL BE THE LARGEST OF THE WORLD IN PRODUCTION
Signatures were appended by Turgay Ciner, the Chairman of the Board of Ciner Group and Wang Zhiyuan, Chairman of the Board of TCC, for soda ash and cogeneration production plants. Turgay Ciner, taking the floor in signature ceremony for which Taner Yıldız, the Minister of Energy and Natural Resources, was a guest, Ciner said that “They will be the largest Company of the world in natural soda ash production with new investment. Being number one is proud. Each dollar to be produced here is a foreign exchange inflow”.
IT WILL BE COMPLETED IN 2017
Ciner answered questions of the journalists regarding investment amount and their targets as follows:
"It is an eclectic structure which will be completed in 2016-2017 and consists of 5 units. Approximately 1 billion 250 and 1 billion 300 million dollars of the export of 1 billion 750 million dollars that we will make will consist of soda. Eti Soda will be also included. Financing of this investment will be made from Chinese banks. We will not use any local bank. 2 thousand 200 people will work. Goods of 8 thousand tons will be carried per day. We concluded our contract with the Ministry of Transport and State Railways. We undertake financial part of this investment on behalf of the State Railways. The goods will be carried to coast with about 4 trains per day. The entire goods will be exported including South America and Australia. We have no difficulty in sales of goods.
“I DID WHAT OZAL SAID, I AM A GOOD STUDENT”
Our production of 2013 was sold as of today. There is trona reserve of 1 billion 100 million tons. This is very high figure. We have production of about 240 millions in Beypazarı. It is a big resource. The fact that I made reserve about which the deceased Prime Minister whom I considered as my teacher said it will pay Turkey’s debt shows that I am a good student”.
“WE SAW GREAT SUPPORT OF OUR PRIME MINISTER”
Ciner answered question of “Did you have any step for obtaining strategic incentive certificate?” that “We have no strategic incentive certificate. We will benefit from all the incentives approved by mining investment. “With which will plants operate?”, “We are operating with a steam recovery system rather than the electricity. We have boilers operating with steam. Since this place is distant to coal region, we plan to create steam with natural gas. Our dear Minister objects this a little. He wants that local mines are used. I want to state especially that we strived to bureaucracy in 8 years for soda, however, we saw great supports of our dear Prime Minister”.
“WE WILL DO OUR BEST”
Wang Zhiyuan, Chairman of the Board of TCC, stated that they will do their best to complete the investment on time. Wang Zhiyuan emphasized that new production areas will make great contribution to Turkish employment.
PRAISE FOR CINER GROUP FROM THE MINISTER
Taner Yıldız, the Minister of Energy, stated that Ciner Group and TCC concluded an important contract for Turkey, region and world in the mining site. Taner Yıldız stated that Turkey developed and is continuously having international investments. “Ciner is one of the groups benefiting from this environment in the best way. This group is really voluntary in local coal investments. Lucky we, we recently witnessed a contact having value of 12 billion dollars for Afşin-Elbistan. This contact was concluded with the United Arab Emirates. Ciner and TCC signed the largest second contact in this regard. In my opinion and I estimate that investment to be made after the contact will give great acceleration for the export”.
MINISTER: IMPORTANCE OF THE PROJECT IS OBVIOUS
Yıldız, telling that some sectors reply to endorsement of 10 liras with inflow of 9 Liras, continued as follows: “However, there are sectors like mining sector. Answer of endorsement of 10 liras is inflow of 1 lira. Thus, areas as mining should be discussed importantly. Importance of Ciner and TCC investment is obvious. TCC is a Company knowing coal. It is experienced on this area. It can produce steam without using natural gas in new investment. For this reason, we will incite local resources that will facilitate them, not imported resources. Beyond any doubt, the investment made for natural soda ash production will increase participations of the mining sector to national income. It is known that energy sector owes to export. It is receivable from the import but owes to export regarding usage of petroleum products. I hope that we will pay a part of debt with this contract”.
