OverviewSuggest Edit

Ciner Resources Corporation is one of the world’s largest producers of natural soda ash. Ciner uses an all-natural, environmentally-friendly mining process that produces a pure, high-quality product every day. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.

TypePublic
Founded1962
HQAtlanta, US
Websiteciner.us.com

Latest Updates

Employees (est.) (Dec 2018)488(+3%)
Job Openings3
Revenue (FY, 2018)$486.7 M
Share Price (Feb 2020)$17.5 (-1%)

Key People/Management at Ciner Resources

Oğuz Erkan

Oğuz Erkan

Chairman, President and CEO
Atilla Ciner

Atilla Ciner

Director
Eduard Freydel

Eduard Freydel

Vice President of Finance
Gürsel Usta

Gürsel Usta

Director
Ray Katekovich

Ray Katekovich

Vice President, Commercial
Ahmet Tohma

Ahmet Tohma

Director
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Ciner Resources Office Locations

Ciner Resources has offices in Atlanta and Green River
Atlanta, US (HQ)
5 Concourse Pkwy
Green River, US
254 County Road 4
Show all (2)

Ciner Resources Financials and Metrics

Ciner Resources Revenue

Ciner Resources's revenue was reported to be $486.70 m in FY, 2018
USD

Revenue (Q3, 2019)

137.2m

Gross profit (Q3, 2019)

43.3m

Gross profit margin (Q3, 2019), %

31.6%

Net income (Q3, 2019)

29.9m

EBIT (Q3, 2019)

31.4m

Market capitalization (13-Feb-2020)

345.4m

Closing stock price (13-Feb-2020)

17.5

Cash (30-Sept-2019)

12.2m

EV

466.2m
Ciner Resources's current market capitalization is $345.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

486.7m

Revenue growth, %

102%5%(2%)

Cost of goods sold

349.0m347.7m356.1m361.7m383.8m383.4m

Gross profit

103.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

109.9m123.4m130.4m129.8m137.2m

Cost of goods sold

79.4m84.0m79.9m76.3m82.4m85.6m79.2m80.2m81.7m83.9m91.4m89.0m88.0m86.4m88.7m90.0m90.2m90.6m93.9m

Gross profit

21.2m33.4m40.2m39.2m43.3m

Gross profit Margin, %

19%27%31%30%32%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

46.9m31.0m20.4m19.7m30.2m10.2m

Accounts Receivable

33.4m34.2m36.9m

Prepaid Expenses

1.2m1.8m2.2m1.8m2.0m

Inventories

41.7m43.2m26.4m19.0m19.8m22.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

106.8m35.4m46.4m56.2m36.4m19.2m13.7m22.9m16.8m29.6m11.4m15.8m13.8m22.1m20.9m26.6m17.5m9.4m12.2m

Accounts Receivable

88.3m32.6m33.0m31.4m35.4m30.8m37.4m42.1m38.8m41.4m35.3m39.6m

Prepaid Expenses

1.5m600.0k1.9m2.5m1.3m1.8m1.5m1.1m1.7m1.2m1.6m2.0m1.5m1.8m2.1m1.4m

Inventories

44.7m42.3m44.0m46.7m49.3m26.3m29.7m28.3m26.7m24.6m22.6m20.8m20.2m24.8m22.4m21.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

70.6m91.9m106.2m86.3m86.4m103.0m

Depreciation and Amortization

23.9m22.8m24.1m26.5m27.5m28.7m

Inventories

(1.5m)(3.7m)7.0m500.0k(3.0m)

Accounts Payable

100.0k(3.5m)1.8m1.1m1.7m2.4m
USDY, 2019

EV/EBIT

14.8 x

EV/CFO

6.8 x

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.7 x
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Ciner Resources Online and Social Media Presence

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Ciner Resources News and Updates

Ciner Resources to Exit ANSAC

WESTPORT, Conn., Nov. 12, 2018 /PRNewswire/ -- Ciner Resources Corporation ("Ciner Resources") provided notification on November 9, 2018, that it has exercised its right to withdraw from American Natural Soda Ash Corp. ("ANSAC"). Ciner Resources will exit effective December 31, 2021, with ...

Ciner Resources Blogs

One ingredient. Many industries.

Soda ash is an essential raw material used in many applications and industries, including glass, detergents and soaps, chemicals, and building manufacturing. As such, soda ash is one of the most widely used and important commodities in the United States, contributing substantially to the gross domes…

Recycle, Refine, Reuse

As a global leader of the soda ash industry, we feel it is our corporate responsibility to set an environment-friendly precedent when it comes to mining trona from the Green River Basin. We understand how important the environment is to the future of our industry. As a result, our soda ash is mined …

Ciner Wins First Place Overall at Surface Rescue Competition

SweetwaterNow.com reports, “The Ciner Mine Rescue teams are, needless to say, on a roll these days. Ciner successfully brought home the trophy for 1st Overall at the Southwest Wyoming Mutual Aid Surface Rescue Competition.  The Ciner team competed against 12 other teams from Wyoming, Utah, Colorado …

Ciner Wins First Place At Kansas Shootout

SweetwaterNow.com recently reported, “The Ciner Blue Rescue Team recently competed in the Kansas Shootout and brought home some championship hardware from that competition. The mine rescue event takes place in Hutchinson, Kansas each year. Rescue teams from all over the nation competed using simulat…

Ciner Wins Industrial Minerals Association of North America Safety Award

May 21, 2019 - The Industrial Minerals Association of North America (IMA-NA) announced the companies and mining operations that received safety recognition awards. IMA-NA Chairman Doug Smith and IMA-NA President Mark Ellis presented the awards at the IMA-NA’s Spring Meeting in Washington, DC. The sa…

Ciner Takes First Place In Team Tech Competition

One of Ciner’s mine rescue teams recently won first place in the Team Tech Competition held in Ruidoso, New Mexico. The team trained and competed against other teams from around the country. SweetwaterNow.com explains, “The entire competition was held in the dark to simulate conditions in a mine…Tea…
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Ciner Resources Frequently Asked Questions

  • When was Ciner Resources founded?

    Ciner Resources was founded in 1962.

  • Who are Ciner Resources key executives?

    Ciner Resources's key executives are Oğuz Erkan, Atilla Ciner and Eduard Freydel.

  • How many employees does Ciner Resources have?

    Ciner Resources has 488 employees.

  • What is Ciner Resources revenue?

    Latest Ciner Resources annual revenue is $486.7 m.

  • What is Ciner Resources revenue per employee?

    Latest Ciner Resources revenue per employee is $997.3 k.

  • Who are Ciner Resources competitors?

    Competitors of Ciner Resources include Incitec Pivot, Intrepid Potash and Tronox.

  • Where is Ciner Resources headquarters?

    Ciner Resources headquarters is located at 5 Concourse Pkwy, Atlanta.

  • Where are Ciner Resources offices?

    Ciner Resources has offices in Atlanta and Green River.

  • How many offices does Ciner Resources have?

    Ciner Resources has 2 offices.