Turkey to enter African cement market

06 August 2014

Turkey’s Limak Holding will enter the African cement market with a $50-million investment to build a plant in Côte d’Ivoire with partner Afrikbat.

Limak will hold a 51% stake in the joint venture set up with Afrikbat and they aim to begin production in late 2015.
The plant will have a processing capacity of one-million tonnes and will export to other African countries, Limak CEO Nihat Ozdemir said at a signing ceremony.

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