Turkish Konya Cimento to invest

Turkish Konya Cimento to invest
Published: 09 March 2005

Turkish building materials producer Konya Cimento will spend 12.039 mln new Turkish lira (US$9.0m) on investments in 2005, the company said on March 7, 2005.  In 2005, Konya Cimento plans to produce 1,199,862t of clinker, 1.23Mt of cement, 706,000 cu m of ready-mix concrete and 620,000t of aggregate.  The company expects sales of 130,000t of clinker, 1.23Mt of cement, 706,000 cu m of ready-mix concrete and 652,632t of aggregate in 2005.  Konya Cimento, which is a subsidiary of French cement producer Vicat Group, reported a net profit of 21.868 mln lira ($16.3m) for 2004, up from 19.439 mln lira (US$14.5m) for 2003.