Introduction
I
Akçansa At A Glance
Established in 1996 through the merger of Akçimento and Çanakkale Çimento, Akçansa today proudly operates as a publicly listed company in partnership with Sabancı Holding and Heidelberg Materials.
We meet 7% of Türkiye’s cement demand and 13% of total cement and clinker exports. Leading the industry with globally compliant products, we create value for the future through responsible production, exceptional service, high-tech plants, and our commitment to environmental stewardship.
In 1998, we expanded into ready-mix concrete production under the Betonsa brand. Following our merger with Agregasa in 2002, we have continued aggregate production at our plants in Tekirdağ (Saray), Edremit, and Bursa.
With our innovative products and advanced technological infrastructure, we consistently create value for our country and stakeholders.
Our company's shares are 39.72% owned by Hacı Ömer Sabancı Holding A.Ş., 39.72% by Heidelberg Materials, and the remaining 20.56% are publicly traded.
Providing innovative products, services, and solutions to our customers.
Delivering superior financial performance to our shareholders.
Prioritizing occupational health and safety management approach for our employees while providing continuous development opportunities.
Contributing towards the environment by using alternative fuel and raw materials, promoting biological diversity with recycling processes.
Creating value for all our stakeholders.
Our cement and clinker production is carried out at three integrated cement plants located in Büyükçekmece, Çanakkale, and Samsun-Ladik.
Port operations are managed through the Çanakkale and Istanbul-Ambarlı ports. In addition to our ports, we operate 4 cement terminals, 3 active aggregate plants, and 26 ready-mix concrete plants.1
All production activities are carried out in compliance with ISO 45001 Occupational Health and Safety Management System, ISO 9001:2000 Quality Management System, ISO 50001 Energy Management System, and ISO 14001 Environmental Management System.
1 We have 31 ready-mixed concrete plants and 4 aggregate plants. Among these, 26 ready-mixed concrete plants and 3 aggregate plants are actively serving Akçansa. The remaining plants are either leased to other operators and/or have been closed during the year.
Sağa kaydırarak tablonun devamını görebilirsiniz.
Certificate Name | First Year Certified | Number of Plants Covered | Scope |
ISO 9001 |
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ISO 14001 | 2003 |
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ISO 50001 | 2013 |
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ISO 45001 | 2004 |
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We continue to expand our high-quality, efficient, and solution-oriented port operations each year through our ports in Istanbul-Ambarlı and Çanakkale. In 2024, we further enhanced the operations at our Çanakkale port by extending our services beyond Akçansa cargo to also include third-party shipments.
Located within Türkiye’s largest port complex, our Istanbul-Ambarlı Port (Akçansa Port) is the leading terminal for bulk and general cargo handling on the European side of Türkiye. To meet all customer needs and expectations, we offer comprehensive cargo handling capabilities. The port has an annual capacity of 45,000 TEU (twenty-foot equivalent unit) containers, 3 million tons of bulk and general cargo, and 160,000 Ro-Ro (Roll-on/Roll-off) vehicles. With a 930-meter-long quay, we are able to provide simultaneous service to multiple vessels.
Our port is the only plant in the region equipped with an international Ro-Ro ramp, enabling specialized Ro-Ro operations. By providing Ro-Ro transportation, we help prevent approximately 8,600 tons of CO₂ emissions that would otherwise be caused by road transportation.
In line with our sustainability goals, Akçansa Port established a strategic partnership with Grimaldi Group, a global leader in international Ro-Ro transport, in 2024. As part of this collaboration, regular Ro-Ro voyages were launched twice weekly between Ambarlı Port and the Port of Trieste, Italy. As the only port on the European side of Türkiye to offer international Ro-Ro services, Akçansa Port expanded its service portfolio with this partnership. The voyages, which commenced in September 2024, are operated using Grimaldi Group’s environmentally friendly hybrid vessels. This high-capacity maritime transportation alternative not only accelerates logistics operations but also significantly reduces carbon emissions compared to road transport. Thanks to this collaboration, Akçansa Port achieved a 38% increase in Ro-Ro operations compared to 2023.
2 Operating under the Akçansa Port brand, our Ambarlı port provides timely, efficient, and operationally excellent solutions tailored to customer demands. Within a modern port management framework, it offers services in container handling, bulk cargo, general cargo, liquid cargo, project cargo, and Ro-Ro transportation, seamlessly integrating with maritime and logistics networks.
Leadership Score in the CDP Climate Change Program
We achieved another significant success in the CDP Climate Change Program, one of the world's leading environmental reporting platforms. We maintained our A- leadership score in the 2024 CDP evaluations.
AAA Credit Rating from JCR Eurasia Rating
JCR Eurasia Rating, an international credit rating agency, assessed our 2023 financial performance and upgraded our previous AA+ rating to AAA, the highest in the construction materials industry.
Sectoral Leadership on LSEG
We increased our score to 86 on the LSEG (formerly Refinitiv) platform. As of December 2024, we ranked 2nd among 126 international companies in the construction materials sector.
Three Major Achievements at the ÇEİS Occupational Health and Safety Value Awards
At the Occupational Health and Safety Value Awards organized by the Cement Industry Employers’ Union (ÇEİS), we reached the finals in four categories and won distinctions in three, marking a major success.
Third and Fourth Place at the Champions of Export Awards
We continued our export success. We were awarded 3rd place in the 'Top Grey Cement Exporting Company' category and 4th place in the 'Top Overall Cement Exporting Company (including clinker)' category.
Platinum Certificate from the Concrete Sustainability Council
Our Bursa Aggregate plant successfully passed an independent audit conducted by the Turkish Ready-Mixed Concrete Association’s Quality Assurance System and received the Platinum-level Responsible Sourcing Certificate from the Concrete Sustainability Council.
We Updated Our 2030 Goals
In line with our sustainability strategy, we updated our 2030 Sustainability Targets in accordance with international standards, aiming to reach them with stronger and more decisive steps in 2024.
Five Years of Zero Accidents at Our Samsun Ladik Plant!
In line with our 'Zero Accidents, One Life' approach, our Samsun Ladik Plant has completed five years without a lost-time accident. The safety and health of our employees remain our top priority.
We Rose to 84th Place in ISO 500
In the Istanbul Chamber of Industry’s (ISO) 2023 'Türkiye’s Top 500 Industrial Enterprises' ranking, we rose 18 positions to reach 84th place.
First Turkish Cement Company to Sign the CEO Water Mandate
We became the first Turkish cement company to sign the CEO Water Mandate, an initiative under the United Nations Global Compact (UNGC).
LEED-Certified Administrative Office Building of AkçansaPort
The administrative office building of AkçansaPort was awarded the LEED (Leadership in Energy and Environmental Design) certification.
Third Place at Youth Awards 2024
At the Youth Awards 2024 organized by Youthall, we received third place in the 'Most Desired Industrial Company to Work for by Youth' category.
Construction Sector Technology Integration Award
In the Global 100 Index of Türkiye, conducted by Platin Magazine and Ipsos, we received the 'Construction Sector Technology Integration Award'.
Our Employee Engagement Score Increased
Based on the results of the Employee Engagement Survey conducted in 2024, our employee engagement rate increased by 6 points compared to the previous survey period, and was measured at 51%.
Our Responsible Communication and Sustainability Approach
Guided by the principle of responsible conduct for the future, we focus on creating broad and comprehensive positive impacts—from reducing environmental effects to generating social value. This year, we published our Sustainability Communication Policy and took pioneering steps against greenwashing. We also released our Human Rights Policy, emphasizing our commitment to addressing human rights across our entire value chain.
Contribution to the Marine Ecosystem: Our Artificial Reefs Have Become a Home to 33 Different Marine Species
The 280 artificial reefs we placed at the bottom of the Marmara Sea in September 2023 have, within a year, become home to 33 different marine species.
With this project, we won an award in the sustainability category at the 15th Golden Collar Awards.
This year, we also published our Biodiversity Policy, reiterating our commitment to responsibly managing the ecological impacts of our operations.
We Strengthened the Culture of Volunteering with the My Volunteer Journey Project
In 2024, within the scope of our 'My Volunteer Journey' project, 420 employees actively participated in 95 volunteer initiatives. They contributed a total of 2,380 volunteer hours, supporting social benefit.2024 yılında Gönüllü Yolculuğum projemiz kapsamında 420 çalışanımız, toplamda 95 gönüllülük projesinde aktif rol aldı.
Çalışanlarımız bu faaliyetlere 2.380 saat gönüllü katkı sağlayarak toplumsal faydayı destekledi.
We Supported the Inclusion of Young Talent in the Workforce
In 2024, 46 women students joined the Akçansa family through the GençİZ Long-Term Internship Program. To date, our program has received more than 11,000 applications and has become a powerful platform supporting the entry of young women leaders into the industry.
We Celebrated Occupational Health and Safety Week with the Motto Zero Accidents, One Life
Between September 23–27, 2024, we celebrated Occupational Health and Safety Week with training sessions, workshops, and inspections, raising awareness on workplace safety among employees under the motto 'Zero Accidents, One Life'.
Future Sustainability Leaders
As part of the 'Sustainability Leaders' Development Program, we reached more than 350 participants with 60 hours of training on 16 topics, including carbon markets, sustainability trends and regulations, water management, and biodiversity.
We Launched the Inspiring the Future Mentorship Program
To support the career development of Akçansa’s Women employees, we launched a mentorship program that lasted approximately six months.
We Launched the Engagement Ambassador Project
To increase employee engagement and develop innovative solutions, we launched the Engagement Ambassador Project based on the results of the Employee Engagement Survey.
According to data for 2024, cement production increased by 4.1% compared to the previous year, with approximately 15.3% of this year's production being exported. Domestic sales rose by 8.9%, while cement exports experienced a decline of 14.6%.
Based on data from the Turkish Statistical Institute TÜİK-TURKSTAT, the country with the highest increase in cement and clinker exports in 2024 was Georgia. Exports were also made to the United States, Italy, Syria, Albania, the Turkish Republic of Northern Cyprus, and Romania.
After experiencing a growth of approximately 20% in 2023, the sector began 2024 with an increase in domestic demand and a decline in exports. The base effect resulting from the February 2023 earthquake in Türkiye and the local elections contributed to the significant growth observed in the first quarter. Production and sales remained at elevated levels in May. However, in June, domestic sales saw a decline for the first time in 2024 on a monthly basis. After July, the trend remained stable, with a 6% contraction recorded in December.
Akçansa’s total domestic cement and clinker sales in 2024 increased by 1.1% compared to 2023, reaching 4.84 million tons. Export sales also experienced a 4.7% rise, amounting to 2.49 million tons. As a result, the total cement and clinker sales in 2024 increased by 2.3%, reaching 7.3 million tons.
8.9%
Increase Rate in Domestic Cement Sales in 2024
826
Domestic Per Capita Cement Consumption (kg)
85,664,944
Population of Türkİye (people)
In 2024, housing sales increased by 20.6% compared to the previous year, reaching 1,478,025.
In the fourth quarter of 2024, based on building permits issued by municipalities, compared to the same period in the previous year:
16.7%
Decrease in Number of Buildings
16.5%
Decrease in Land Area Size
17.4%
Decrease in Number of Units
According to building occupancy permits issued by municipalities, in the fourth quarter of 2024, compared to the same period of the previous year:
10.5%
Increase in Number of Buildings
13.3%
Increase in Land Area Size
16.9%
Increase in Number of Units
Cement Production and Consumption in Türkiye (million tons) | ||
Year | Production | Domestic Consumption |
2019 | 57 | 45.4 |
2020 | 72.3 | 55.7 |
2021 | 78.9 | 60.2 |
2022 | 73.7 | 54.6 |
2023 | 81.5 | 65 |
2024 | 84.8 | 70.8 |
Cement and Clinker Exports in Türkiye (million tons)3 | ||
Year | Production | Domestic Consumption |
2019 | 11.1 | 11.6 |
2020 | 16.3 | 13.6 |
2021 | 17.7 | 11.8 |
2022 | 18.5 | 8.5 |
2023 | 15.2 | 4.0 |
2024 | 13.0 | 5.2 |
(TRY million) | 2022 | 2023 | 2024 |
Net Sales | 24,087.6 | 27,034.1 | 21,614.2 |
EBITDA | 2,386.4 | 5,674.1 | 3,858.6 |
EBITDA Margin (%) | 9.9% | 21.0% | 17.9% |
(EBIT) | 1,224.4 | 4,497.8 | 2,590.2 |
EBIT Margin (%) | 5.1% | 16.6% | 12.0% |
Net Profit | 1,934.9 | 3,423.5 | 1,672.5 |
Net Financial Position | 917.5 | -1,005.3 | -1.691.0 |
Shareholder`s Equity | 16,373.6 | 19,920.8 | 20,554.8 |
Total Assets | 26,827.8 | 28,314.5 | 28,397.7 |
Earnings Per Share | 14.6 | 17.9 | 8.7 |
Dividend per Share Ratio (Gross %)Hisse Başına Temettü Oranı | 130.6 | 600.7 | 626.8 |
4 The financial statements as of December 31, 2024, along with our comparative financial tables, have been prepared in accordance with the TMS 29 "Financial Reporting in Hyperinflationary Economies" standard. The dividend per share ratio is calculated based on the previous year's profit and is determined in relation to the dividend amount distributed in the relevant year. Other operating income and expenses are not included in the calculation of EBITDA and EBIT.
6,479
Cement (thousand tons)
6,520
Clinker (thousand tons)
2,508
Concrete (thousand m³)
Betonsa produces and sells ready-mix concrete under its brand across the Marmara, Thrace, Aegean, and Black Sea regions, in addition to supplying for mega projects.
In 2024, a total of 2.8 million m³ of ready-mix concrete was sold from 26 operational plants.
In 2024, 2.6 million tons of aggregates were sold from 4 operational plants.
Detailed information regarding the direct economic value generated and distributed in 2024, along with the continuation of financial indicators, can be found in the Financial Statements section of our report.
Legal Disclaimer
Akçansa 2024 Integrated Annual Report (‘Report’) has been prepared by Akçansa Çimento Sanayi ve Ticaret A.Ş. (‘Akçansa’). The scenario analyses aligned with TSRS, the financial materiality studies, and all assessments related to physical and transition risks stemming from climate change—prepared by Akçansa—are based on the company's data, calculations, expert opinions, and compliance with national and international standards. Akçansa Çimento Sanayi ve Ticaret A.Ş. shall not be held responsible for any losses or damages that may arise should third parties or entities rely on these assumptions.