Turkish Bolu Cimento to invest

Turkish Bolu Cimento to invest
Published: 28 February 2005

Turkish cement and clinker producer Bolu Cimento plans to invest 10.332 mln new Turkish lira ($7.68m) in 2005, the company said on February 25, 2005.  The company said in early 2004 that it had earmarked some 3.44 mln lira ($2.56m) for investments in 2004.  Bolu Cimento plans to produce 1.55Mt of cement and 1.320Mt of clinker in 2005. The company targets sales of 1.55Mt of cement and 150,000t of clinker for 2005.  Bolu Cimento, which is part of the cement division of Turkish army pension fund Oyak has an annual capacity of 2.635Mt of cement and 1.32Mt of clinker.