Turkey’s Sabanci Holding cement sees 2015 sales rising 10-15%

Turkey’s Sabanci Holding cement business expects its sales to rise 10-15 percent this year after posting a 16% increase to $980 million (2.5 billion lira) in 2014, the cement unit’s chief executive said, Reuter reports.

Sabanci’s cement arm is also looking for acquisition opportunities and could borrow up to $1.5 billion to fund an acquisition, Hakan Gurdal told Reuters in an interview late on Thursday.


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