HeidelbergCement to hold off making investments in Turkey
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Reuters has reported that the chief executive of HeidelbergCement has said that the company will hold off from making investments in Turkey, due to the political uncertainty in the country.
Foreign investor sentiment towards Turkey has been affected by widening security concerns and fears of growing authoritarianism.
"There could be opportunities for deals in Turkey at reasonable prices," Bernd Scheifele told reporters at a news conference following the company's annual results. But he also said there was a risk that any such deals might not be the bargains they seemed given the political uncertainty.
Scheifele said he was concerned about the situation in Turkey, which he said was not good for economic development in the country.
HeidelbergCement has a joint venture with Sabanci Holding in Turkey, cement and ready-mixed concrete maker Akcansa.
Read the article online at: https://www.worldcement.com/europe-cis/17032017/heidelbergcement-to-hold-off-making-investments-in-turkey/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
Ecocem announces €170 million investment to construct four new production lines in France
Ecocem is announcing an additional investment of €170 million to construct four new production lines in France and accelerate delivery of its ACT scalable low-carbon cement act technology.