Three Oyak units plan investment, Turkey

Three Oyak units plan investment, Turkey
Published: 10 February 2009

Adana Cimento, Mardin Cimento and Unye Cimento –  all part of the Oyak Group – plan a total of TRY44mn (EUR 21.1m) investments this year.

In the filing with the Istanbul Stock Exchange, Adana Cimento details that it will undertake TRY 38.4m worth of investments this year while targeting 2Mt of clinker and 3Mt of cement production.

Mardin Cimento plans TRY 4.9m investment, 1.6Mt of cement and 1.7Mt of cement production.

Meanwhile, Unye Ciment says it will undertake TRY 0.8m of investment and expects clinker and cement production to be 1.35Mt and 1.4Mt, respectively.