Global cement giant opens 140-mln euro plant in Central Anatolian city Sivas
SİVASBrazil’s Votorantim Cimentos, one of the world’s leading cement producers, opened a production plant in the Central Anatolian province of Sivas for a 140 million euro investment on July 5 in a bid to boost its expansion in the region.
This was also the largest industrial investment which has ever been made in Sivas, according to a follow-up press release. Through this investment, the company modernized the Sivas Cement Factory, for which the foundation was laid back in 1938 and which later became the first plant built by the state after the Turkish Republic was founded, read the release.
The company, which has production plants across Turkey, plans a further 35 million Turkish Lira (8.5 million euro) investment in Turkey in 2017, it added.
Votorantim Cimentos Türkiye Global CEO Walter Dissinger said Turkey has big growth potential in terms of construction and exports.
“Turkey has also a labor force of high quality. In light of these key opportunities, we made our largest investment outside the Americas in Sivas,” Dissinger added.
The company has operations in a total of 14 countries and has a 57.5 million ton of annual production capacity, according to the release.
With the new investment in Sivas, its production capacity will raise by 40 percent to 3.6 million tons, it added.