Cement News tagged under: Oyak Cement
Turkish majors eye LafargeHolcim divestment opportunities18 April 2014, Published under Cement NewsTurkish cement producer are keen on acquisition opportunities that may arise from the Lafarge and Holcim merger, according to reports by Reuters. Oyak, the largest cement producer in Turkey, said it had started talks with international investment banks for possible acquisitions, and had US$3bn in cash allocated for opportunities arising from the merger. Meanwhile, Limak Holding's cement group chief executive, Gultekin Aksuyek, said it had already started working on a budget allocation for ... |
Oyak eyes Europe, Africa acquisitions10 April 2014, Published under Cement NewsTurkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said on Thursday. Speaking to Reuters, Caglar said that the group is also interested in acquisition opportunities that could arise through the Lafarge and Holcim merger as the groups look to divest in assets to appease potential concerns by antitrust regulators. The company’s said on Monday that two-thirds of divestments ... |
KHD wins new Turkish order, Maras performance update09 April 2014, Published under Cement NewsKHD has received order for a new 3500tpd clinker production line at Bolu Cimento’s Kazan plant. Meanwhile, the German equipment specialists have also successfully completed a recent performance test for KCS Kahramanmaras Cimento’s Maras Kiln Line II. Bolu Cimento contract The Oyak Group has awarded KHD the order for a new 3500tpd clinker line at the Bolu Cimento’s Kazan plant, located near Ankara, Turkey. The contract includes engineering, equipment supply, as well as advisory services fo... |
OYAK Cement full-year operating profit rises 52%04 March 2014, Published under Cement NewsTurkish producer OYAK Cement Group said on Monday its operating profit rose 52 per cent to TRL343m (EUR112m) in 2013. Consolidated sales rose 17 per cent to TRL1.3bn. EBITDA was up 41 per cent to TRL414m in 2013. Under OYAK Cement’s wing are five subsidiaries: Adana Cimento, Mardin Cimento, Bolu Cimento, Unye Cimento and Aslan Cimento. |
Gebr Pfeiffer wins hat-trick of orders from Bolu Cimento, Turkey18 December 2013, Published under Cement NewsBolu Cimento Sanayii AS, a member of the OYAK Group, has ordered three vertical roller mills from Gebr Pfeiffer SE for a new production line in Kazan, Ankara. The cement producer already operates a grinding plant at the site which it is now expanding into a fully integrated facility. The mills are scheduled to be delivered to the customer in the summer of 2014, boosting the number of Pfeiffer mills installed at cement plants owned by the OYAK Group to eight. An MPS 4500 B with a drive powe... |
Oyak inks second cogeneration deal with Shanghai Triumph Energy Conservation Engineering11 April 2013, Published under Cement NewsShanghai Triumph Energy Conservation Engineering Co, has inked a deal with Oyak Group, Turkey, for a cogeneration project for its Bolu Cimento subsidiary. The deal follows the Aslan Cimento cogeneration project signed by the two companies on March 1. The signing of the two projects not only marks the beginning of Shanghai Triumph-Oyak cooperation, but also boosts China National Building Materials Group Corporation's efforts for further development in the Turkish market. Located in... |
Oyak Cement to sell stake in Aslan Cemento, Turkey10 September 2012, Published under Cement NewsMilitary-run business conglomerate Oyak Cement announced on Friday it had applied to the Central Registry Agency to sell an almost 10 per cent stake in subsidiary Aslan Cemento. Oyak owns a 96.85 per cent stake in Aslan and in the announcement it said it would sell 7.18 million units of stake out of a total 70.7 million it holds on the Istanbul Stock Exchange. (Source: Reuters) |