Cengiz Holding Explained

Cengiz Holding
Foundation:1980
Key People:Mehmet Cengiz, Ekrem Cengiz, Şeref Cengiz
Location:Üsküdar, Istanbul, Turkey
Industry:Construction, energy, Mining

Cengiz Holding A.S. is a Turkish conglomerate, with major interests in construction, energy, mining, and tourism. Its assets include the Eti Copper and Eti Aluminium mining companies.[1] It is owned by Mehmet Cengiz.[2] In 2012 it had around $470m revenue from construction.[3]

In May 2013 it was part of a joint venture which won the EUR22bn contract to construct a third international airport in Istanbul.[4] In July 2013 it was part of a joint venture which acquired the daily newspaper Akşam, together with TV channel Sky Turk 360 and radio station Alem FM, for TL60m.[5]

Greenhouse gas emissions

Climate Trace estimates half-owned Cenal coal-fired power plant emitted over 7 million tons of the country’s total 730 million tons of greenhouse gas in 2022.[6] So it is on the Urgewald Global Coal Exit List.[7]

The company says that "Emissions at the [aluminium] production units in Seydişehir are already 50% lower than European Union standards",[8] however it still runs a small coal-fired power station at that factory.

External links

Notes and References

  1. Cengiz Holding, ABOUT US / HISTORY
  2. [Hurriyet Daily News]
  3. [Engineering News Record]
  4. [Hurriyet]
  5. [Today's Zaman]
  6. Web site: Explore Map . 2024-03-10 . . en.
  7. Web site: 2023 . Explore the Data . coalexit.org.
  8. Web site: 2022-02-02. Turkish aluminum producer building solar power plants to reach net zero emissions. 2022-02-08. Balkan Green Energy News. en-US.