Turkey’s Nuh Cimento grew 20% in 2011

Turkey’s Nuh Cimento grew 20% in 2011
Published: 05 January 2012

Nuh Cimento Sanayi AS, parent company of Turkey’s largest cement maker, grew 20 per cent in 2011 after its best December ever, Dunya reported, citing Chairman Atalay Sahinoglu.

Revenue from energy and cement sales last year exceeded $1 billion, Dunya said.

The company invested US$55.5m in technology and energy efficiency and plans to expand clinker production by 50 per cent, Sahinoglu also told the newspaper.

Nuh Cimento plans to focus on exports, including Brazil, Africa and Russia, and with its 50 per cent partnership in the Russian port of Rostov, Dunya reported.