Planning positive moves
Despite a recent deceleration in economic and construction growth, the Turkish cement industry has performed well in recent times. Going forward, local producers and the Turkish Cement Manufacturers’ Association (TÇMB) remain optimistic as urban transformation plans and infrastructure investment promise further growth in cement demand. By TCMB, Turkey.
Despite the global economic recession and the euro zone crisis, the Turkish economy has proved resilient and demonstrated steady growth. Thanks to strong exports, structural transformation and economic reforms Turkey has experienced some of the highest growth rates in recent times despite downward trends experienced in other parts of the world, particularly amongst its European peers.
However, more recently, economic expansion has decelerated as global financial difficulties have re-emerged and the country is sensitive to events in neighbouring regions.