Develop a large and high quality resource that is in high demand in the rapidly growing construction industry in Turkey and adjacent countriesThe Business
This Project involves the exploitation of a high quality gypsum deposit in central Turkey. It is estimated that this surface gypsum deposit is about 5 billion tons with purity more than 97%. It can be cheaply exploited and processed locally. The Project includes the commissioning of a gypsum powder plant and gypsum board plant. The Project is currently at the stage of completion of the Search License, and the owners are moving forward to acquire an Operations License valid for 60 years. Natural gas supplies and a power station are near the gypsum deposit. Surface transport to seaports for export is very good.
Market
Turkey produces 5 million tons of gypsum, of which 2 million tons is used for cement. The rest is used in construction, coatings, plaster and stucco, gypsum board, ceramics, and dentistry. Gypsum production from Turkey serves the domestic and export markets.
The Project requires $32m of investment to acquire the gypsum mine, commission the two production plants and provide $5m in working capital. The Project expects a 40% government subsidy for energy costs and a 4% corporate tax rate.
The owners are willing to sell their licenses to a third party with the rights to develop this Project further.
Sector: Construction MaterialsSegment: GypsumRegion: MENAFinancing Size: $20m to $50mContact: Paul Kazarian
Company: Phoenicia CapitalTelephone: +961 7113 9390Email: [email protected]