Group Profile

Cementir Holding manufactures and distributes white and grey cement, aggregates, ready-mix concrete and concrete products in many countries worldwide. With operations in 13 countries and over 3,800 employees, Cementir Holding is world leader in white cement; it is the first Danish grey cement producer, the second producer in Scandinavia, the third in Turkey and the fourth in Italy, besides being the leading ready-mix producer in Scandinavia.

Since 1996, Cementir Holding has developed a geographical diversification strategy which radically transformed the company into a multinational with:

• 20 cement production and concrete products plants of which 4 in Italy, 4 in Turkey, 1 in Denmark, 5 in Portugal (in jv with CRH), 1 in Egypt, 3 in the USA (of which 2 in jv with HeidelbergCement and Cemex), 1 in China and 1 in Malaysia

• 2 state-of-the-art research and development centres in Italy and in Denmark

• 110 ready-mix concrete plants of which 6 in Italy, 90 in Scandinavia and 14 in Turkey

In 2009 Cementir Holding reached:

- sales of € 822,5 million, Ebitda of € 135,5 million

- cement production capacity of over 14 million tons

- ready-mix concrete sales of over 3 million cubic metres

- aggregates sales of over 4 million tons

Since 2001 Cementir Holding pursued a geographic diversification strategy by investing over € 1,1 billion.
The most important acquisitions were:

• Cimentas AS (cement and readymix) in Turkey in 2001

• Aalborg Portland AS (white and grey cement) and Unicon AS (readymix) in Denmark in 2004

• Edirne cement plant in Turkey and 4K Beton (readymix) in Denmark in 2005

• Elazig cement plant in Turkey in 2006

• Kudsk & Dahl (aggregates and readymix) in Denmark in 2008


As a consequence of both the above deals and the growth dynamics of each country, from a local player Cementir Holding has become an international cement player which derives less than 20% of its operating results from Italy and has operations around the world.

Future strategy is to combine both organic and external growth, striking the right balance between mature markets and emerging markets presence and maintaining an adequate return on capital employed.

In the 2007-2009 Industrial Plan, Group management outlined an organic growth path aimed at expanding total production capacity by around 15% in growth markets (Turkey, Egypt and China) and mainly in the white cement business, where the Group seeks to maintain a worldwide leadership position by increasing its market share to 20%.

In order to reach these objectives the Group will invest around € 200 million over 3 years.