Bosnia & Herzegovina: Tvornica Cementa Kakanj’s (TCK) sales revenue grew by 13.3% year-on-year to Euro48.5m in 2017 from Euro42.8m in 2016. Its sales volumes of cement rose by 12.3% to 0.49Mt from 0.43Mt. Its earnings before interest and taxation (EBIT) rose by 12.5% to Euro8.89m from Euro8.09m. It attributed the growth to continued growing market at home in Bosnia & Herzegovina.
General director Branimir Muidža said that the subsidiary of Germany’s HeidelbergCement started adding new cement silos to its plant in 2017 with completion scheduled for 2018. It has also started preparing its plants to use refuse-derived fuel (RDF).
Total consumption of cement in Bosnia & Herzegovina was estimated to be 1.2Mt in 2017, a rise of 6% from 2016. The boost was pinned on construction of a new road project.