In July, Askale Cimento announced that it purchased peer Van Cimento for EUR 33mn. Van Cimento was founded in 1969 in the city of Van in eastern Turkey . The company was later bought by local Uzan Group before being seized by the state.
Egypt-based OCI acquired Van Cimento that later became a member of Lafarge Group as the French company acquired OCI’s parent company Orascom Cement in 2008.
