The new unit will also incorporate the activities of the company’s existing Romanian subsidiary Unye Cem SRL, the cement producer said.
Headquartered in Mangalia, Unye Cem SRL was founded in 2009 following an investment of some EUR9 million. The company operates a storage, packaging and sales terminal.
Unye Cimento is a unit of Turkish group Oyak. The group runs five cement companies, all listed on the Istanbul Stock Exchange.