According to the latest report by Reuters, Turkish conglomerate Sabanci Holding wants to hold an initial public offering of its energy company and a secondary float of shares in its retail unit. Chief Executive Zafer Kurtul made the announcement on 29 February.
Istanbul-based Sabanci, which also has a strong interest in cement, is uncertain of the timing of the offerings due to market conditions. Kurtul spoke at a news conference following the release of 2015 earnings.
Paul Maxwell-Cook takes a look at Turkey’s growing economy and expansion. This is part one of an abridged article taken from the December 2013 issue of World Cement.
Despite the global economic crisis, Turkey’s cement industry shows no signs of slowing. Here, Somer International discusses two important issues facing the country’s industry in the years to come: safety and the use of alternative fuels.