Optimisation projects expected to lift TCK net profit, Bosnia

Optimisation projects expected to lift TCK net profit, Bosnia
19 July 2013

Bosnian cement maker Tvornica Cementa Kakanj (TCK) expects its net profit to rise by 20-25 per cent to some BAM11-12m (EUR5.6-6.1m) thanks to optimisation measures.

TCK’s cement sales are expected to be nearly flat at around 425,000t, director Branimir Muidza told SeeNews. However, ongoing investment and process optimisation measures are expected to bear fruit this year, leading to the projected rise in net profit.

Part of the HeidelbergCement Group, TCK has been embarking on a number of new initiatives to improve efficiencies and reduce emissions. IN 2010 it modernized its water treatment system to lower water consumption It has also been investing in reducing dust emissions, investing more than BAM10m in the building of a clinker storage silo. A BAM3m investment also involves an automated milling and packing operations. In addition, a new energy-efficient administrative building have been announced by the company.

Cement sales in Bosnia stabilisd in 2011 at 1.25Mt with only modest growth forecast over the 2013-14 period.

Published under Cement News