Cengiz Holding Will Invest in Advanced Technology and Sustainability
Cengiz Holding is setting the stage with its innovative and eco-conscious production methods. Ahmet Cengiz, the President of the Energy Group, has announced a ramp-up in investment towards cutting-edge technology and research. By 2025, the spotlight will be on renewable energy projects, with a strong emphasis on green energy solutions spanning multiple sectors such as industry, energy, and construction.
Expansion Plans in International Projects
Ahmet Cengiz shared their expansion plans in the global arena. To start, the completion of the natural gas combined cycle plant in Uzbekistan is a priority. The company's reach extends to countries like Bosnia and Herzegovina, Croatia, and Romania, where they are involved in significant infrastructure projects. Cengiz Construction contributes vitally to these initiatives, engaging in numerous infrastructure efforts across these regions.
Commitment to Sustainability and Zero Waste
Cengiz Holding implements zero waste management in all facilities, aiming to slash water and carbon footprints below the European average. Achieving net zero carbon by 2053 is imperative, with eco-friendly production’s focus. They also partake in social responsibility initiatives to elevate societal progress, with sustainability being a fundamental value.
Future Outlook
Mining Successes
Cengiz Holding has met its mining aspirations, thriving even with fluctuating metal prices. In the energy sector, the acquisition of a preliminary license for storage investments has paved the way for new project undertakings.
Electricity Pricing and Strategic Forecast
With electricity prices declining, Cengiz is crafting strategies to adapt effectively. These plans will ensure resilience and ongoing success within a shifting market landscape.
The Impactful Journey of Cengiz Holding
Founded in 1980 by Mehmet Cengiz, Cengiz Holding began its journey in construction and has broadened its horizons into various fields like energy, mining, tourism, infrastructure, aviation, and insurance. By 2013, the company was listed as the 127th largest globally by Engineering News Record Magazine and has integrated media organizations into its operations.
Diverse Sector Engagement
Cengiz Holding is active across multiple sectors:
Construction: Operational in Cengiz Construction.
Energy: Involvement in Cengiz Energy, Boğaziçi Electricity Distribution.
Mining: Operation of Eti Bakır and Eti Aluminum Facilities.
Tourism: Investment in Bodrumbir Tourism.
Aviation: The presence in Cengiz Aviation.
Insurance: Services by Cengizler Insurance Brokerage.
Operation: Management of Ankara High-Speed Train Station and Istanbul New Airport endeavors.