Cimpor plans new acquisitions in Turkey

Cimpor plans new acquisitions in Turkey
20 August 2007

Edney Vieira, chairman of Cimpor’s executive board, says that the cement producer will acquire new companies to increase market share and launch new investments.

Cimpor currently has a seven per cent market share in the Turkish cement sector. Cimpor aims to expand in Turkey and will realise new investment and establish facilities in short and mid-term to reach this goal, according to Vieira.

Cimpor is already building a cement factory in the Hasanoglan district of Ankara under a EUR100m investment project. The plant, which will have an annual production capacity of 1Mt, will become operational in 2009.

Cimpor had entered the Turkish market at end-2006 by acquiring Lafarge-Yibitas Orta Anadolu from  Lafarge-Aslan Cimento for EUR535m. Cimpor has three cement factories, three grinding and packaging facilities and 12 ready-mix concrete plants.  
Published under Cement News