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Turkey’s Nuh Cimento Grew 20% in 2011, Chairman Tells Dunya

Jan. 4 (Bloomberg) -- Nuh Cimento Sanayi AS, parent company of Turkey’s largest cement maker, grew 20 percent in 2011 after its best December ever, Dunya reported, citing Chairman Atalay Sahinoglu.

Revenue from energy and cement sales last year exceeded $1 billion, Dunya said.

The company invested $55.5 million in technology and energy efficiency and plans to expand clinker production by 50 percent, Sahinoglu also told the newspaper.

Nuh Cimento plans to focus on exports, including Brazil, Africa and Russia, and with its 50 percent partnership in the Russian port of Rostov, Dunya reported.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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