Limak plans two new Turkish plants

Limak plans two new Turkish plants
06 March 2014

Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also planning investments further afield with two projects earmarked in Africa.

Gideon Aksüyek, CEO of Limak Cement Group, told local press that a 5000tpd plant will be constructed in Ankara, while another 5000tpd cement will be built in the south-central city of Kilis, 12km from the Syrian border. The two factories are scheduled for completion in 2016.

Last year, Limak recorded a 24.5 per cent increase in cement sales on the back of activity from the residential sector stemming from investments such as the country’s urban renewal projects. Aksüyek expects the Turkish construction industry to increase by 4-5 per cent this year.

Away from home, Aksüyek said a grinding and packing plant is being planned for Cote d'Ivoire. Meanwhile, the company is also exploring another potential project in Africa, the location for which was undisclosed.

Published under Cement News