Turkish Unye Cimento net loss

Turkish Unye Cimento net loss
Published: 17 March 2004

Turkish cement and clinker producer and distributor Unye Cimento reported a net loss of 24.7 trln Turkish lira (US$18.8m) for 2003 versus a net loss of 38.2 trln lira (US$29m) for 2002.  Unye Cimento net sales totalled US$54.6m, up from US$46.6m, and exports stood at US$7.9m up from US$2.9m. The company, located in Unye, northern Turkey, targets to sell 1.025Mt of cement on the domestic market and export 75,000t of cement and 400,000t of clinker in 2004.