Turkish Unye Cimento Plans $27.5m investments for 2007

Turkish Unye Cimento Plans $27.5m investments for 2007
Published: 24 January 2007

Turkish cement company Unye Cimento, part of Oyak Group, said it will allocate TRY39m ($27.5m) for investments in 2007. 
 
The company targets to sell 1.35Mt cement and 180,000t clinker and export 350,000t cement and 100,000t clinker in 2007, generating a turnover of TRY210m  ($148.4m), the company said in a statement to the Istanbul Stock Exchange on January 23, 2007. 
 
Cement production this year is forecast to reach 1.7Mt and production of clinker is seen at 1.5Mt.