"Turkish cement sector faces energy cost hit Thursday, 22 July 2010 01:31
ISTANBUL: Turkey’s cement sector growth could hit double-digits this year on domestic demand, although higher energy prices will likely sap profits, Turkey’s Cement Manufacturers’ Association (TCMA) said.
Chairman Adnan Ignebekcili said the industry association expected growth of 8 percent to 10 percent would feed into higher revenues, although profits would lag 2009.
“Revenues will rise slightly as prices increase, but costs will increase by a larger amount. Import coal and petrocoke prices have risen 100 percent since the start of the year,” he added."
More:Turkish cement sector faces energy cost hit
