Volkan Bozay, the CEO of TÜRKÇİMENTO, Appeared as an On-Air Guest on the “İş Dünyası/Business World” Program on Bloomberg HT TV

Volkan Bozay, the CEO of TÜRKÇİMENTO, recently appeared on the Business World program, providing insights on the cement industry’s performance for 2024 and projections for 2025.    

In evaluating the year 2024, Bozay stated: “Data from TÜRKÇİMENTO members, representing 94% of the Turkish cement industry, indicate that cement production in the first three quarters of 2024 saw a 6% increase, reaching 63.4 million tons. Following a production expansion by 10% in 2022, we achieved a total output of 84.6 million tons in 2023. This year, projections estimate production will stabilize in the range of 80-85 million tons”.   

Regarding the new construction process in Syria, Bozay stated: “We are confident that peace and trust – crucial components for economic growth and investment -  will eventually be restored in the region. Despite the fluctuations since 2011, Syria has consistently ranked among the top five countries to which we export cement.  The Turkish cement sector, ranking as the fifth largest producer globally, stands out as a leading manufacturer in Europe and the second largest exporter worldwide. 

We anticipate that the recent U.S. election results, particularly with Trump’s administration set to begin on January 20, will positively influence our export performance, especially given that the U.S. is our primary export market for cement. The change in the U.S. leadership is expected to active new dynamics in our regional markets, which will be pivotal in shaping the export landscape for our industry. In light of these developments, our sector plans to revise its export strategies to align with emerging global market trends and demands. 

Currently, our domestic market utilization of production capacity stands at 60-70%, with the excess allocated for export. This indicates that we possess sufficient production capabilities to adequately address the cement requirements of Syria, particularly in support of its reconstruction efforts”. 

Click here to watch the broadcast