Votorantim announced EUR 140 million investment in Turkey

Cement Plant Capacity Expansion Project

Votorantim announced EUR 140 million investment in Turkey

Votorantim Cimentos announced a EUR 140 million investment in the expansion of its cement plant in Sivas, Turkey. The investment is the largest carried out in Sivas’ history and it will increase the plant’s current production capacity by three times, from the current capacity of 0.6 to 1.8 million metric tons per year, with construction work beginning in June 2015. Cement production is expected begin in 2017.
(ed. WoMaMarcel - 08/6/2015)
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The Sivas Plant currently accounts for about 19% of Votorantim Cimentos’ 3 million metric tons per year production capacity in Turkey.

São Paulo, Brazil – This investment will allow Votorantim Cimentos, which currently operates in the country at full capacity, to increase its market share in the Turkish cement market. The Sivas Plant currently accounts for about 19% of Votorantim Cimentos’ 3 million metric tons per year production capacity in Turkey. After the expansion, it will account for 42% of the company’s total production capacity in the country

Groundbreaking of the plant will take place in June 2015 and construction work will employ around 700 people. Cement production will begin in 2017. The plant will supply the market with CEM I and CEM II, the most in-demand products in the Turkish cement market.

Votorantim Cimentos’ largest Investment outside of the American Continent in new Investment Package

Votorantim Cimentos recently announced a EUR 1.61 billion investment package, going from 2015 to 2018. The company will invest this amount in five new factories in Brazil, one in Bolivia, as well as in the expansion and modernization of existing units, such as the one in Sivas. The EUR 140 M investment in the Sivas plant will be Votorantim Cimentos’ largest outside the American continent in this package.

“Votorantim Cimentos sees the potential of Turkey’s construction sector and this investment shows our commitment to reinforcing our presence in Turkey. Sivas’ expansion will bring a crucial dynamism and competitiveness to the company in the Turkish cement market”, says Mustafa Şefik Tüzün, CEO of Votorantim Cimentos in Turkey.

Considering the Europe, Africa and Asia region (VCEAA), Votorantim Turkey accounts for a share of about 29% of Votorantim Cimentos’ total production capacity, excluding China.

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