Italy Cementir Plans Acquisitions in Turkey, North America

Italy Cementir Plans Acquisitions in Turkey, North America
Published: 11 May 2004

Italian cement company Cementir, a unit of Italian construction company Caltagirone, plans future acquisitions in Turkey and North America, the company’s president Francesco Caltagirone Jr said on May 10, 2004.  Caltagirone has estimated that the earnings before interest, tax, depreciation and amortisation (EBITDA) of Turkish Cimentas, a unit of Cementir, will grow by 50 per cent in 2004.