Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

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

Don't Miss Out —
Follow us on:

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