Çimsa, a leading Turkish manufacturer of cement and ready-mixed concrete products of Sabancı Holding, aims to invest US$200m within the next five years.
“The company must make this investment in order to comply with new competitive conditions and to be active in the carbon economy,” said Mehmet Hacıkamiloğlu, the general manager of Çimsa, during a press meeting on Friday in Istanbul.
“The ambiguity in the global market still continues,” Anatolia news agency quoted Hacıkamiloğlu as saying. “The volatility is expected to continue. That’s why we aim to have the best performance against competitors.”
“We aim to invest in sustainable strategies and the environment. We need to improve our competitive power,” he said.