Cement News tagged under: OYAK

RSS feed

OYAK to merge five companies on Istanbul Stock Exchange

19 December 2019, Published under Cement News

Turkey's leading cement group, OYAK Holding is merging five cement companies traded on the Istanbul Stock Exchange. OYAK Group is an industrial and financial conglomerate owned by the Turkish military's pension fund. It's decision on the merger was made "to create synergies in line with our strategic plans and our targets for the cement sector," OYAK said in a statement to the Istanbul Stock Exchange late on Monday. OYAK Group said talks between its units had begun on the merger in line wi...

Aumund to supply nine machines for Aslan plant modernisation

15 May 2019, Published under Cement News

Germany’s Aumund Fördertechnik GmbH has won an order from Aslan Cement Inc, comprising of nine machines in total. The order forms part of the complete modernisation of Aslan’s plant in Darıca, Kocaeli province, Turkey, which will see it ramp up clinker production capacity to 6600tpd. The company will supply a 225tph BWZ-L bucket elevator to feed the raw meal, as well as three different models of BWG belt bucket elevators with capacities of up to 500tph. The latter models will be used for ra...

Cimpor

01 November 2018, Published under Cement News

The Camargo Correa subsidiary InterCement, formerly trading as Cimpor, has agreed to sell its Portuguese and Cape Verde assets to the Turkish group Oyak. Having previously considered selling a 49 per cent interest in all of its African and European activities, InterCement has now decided to sell the Portuguese and Cape Verde assets in their entirely. These consist of three integrated cement plants with a combined cement capacity of 9.1Mta, two grinding plants, 40 concrete batching plants ...

Taiwan Cement to invest US$1.1bn in new joint venture

30 October 2018, Published under Cement News

Taiwan Cement announced it will spend US$1.1bn to create a joint venture with Turkey’s OYAK in The Netherlands, via a newly-created subsidiary, Dutch TCC Holdings. Taiwan Cement will hold 40 per cent of shares in the joint venture with OYAK holding 60 per cent. Through the JV, Taiwan Cement aims to increase its visibility in the European market at a time when the Chinese market is cooling.