Turgay Ciner
Istanbul, Turkey
Bachelor of Arts/Science, Istanbul Academy
Turkey
diversified, Self Made
$1,500,000,000
1425
#1425 Billionaires 2019
Turgay Ciner (pronounced "jin-ner"), who worked as an errand boy in tea shops during high school, presides over a fortune built on soda ash.Soda ash is used in glass, detergents and various industrial products. Ciner's Eti Soda and Kazan Soda help make Turkey the world's top producer.In 2015, Ciner acquired a controlling interest in a huge soda ash facility in Green River, Wyoming; it trades publicly under the name Ciner Resources.Ciner has tapped financing from the Industrial and Commercial Bank of China to expand soda ash production in Turkey and make big energy investments.Ciner's Silopi Electric, in Turkey's Southeastern Anatolia region, generates power from thermal plants fueled by coal extracted Ciner mines.
Businesses controlled by Ciner, with total annual production capacity of seven million tons, comprise the world's largest producer of soda ash.His brother and he imported automobiles from Germany and had a shop in Istanbul Talimhane, now site of the modern headquarters building of Ciner Publishing Holding.
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