Votorantim Cimentos is to inaugurate its cement works in Sivas, Turkey, as part of its drive for geographic diversification.

International operations account for 40 per cent of its revenues, a share that is expected to grow next year as the expansion of the Charlevoix (MI), USA, works comes online.

‘Geographic diversification works as a "hedge," which compensates for the situation we're going through in Brazil,’ said company president, Walter Dissinger. Therefore, it is expected that this trend will wane as the Brazilian market picks up from 2019. At this point, the share of Brazil in total company sales is expected to return to 70 per cent of revenues.

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