Cement News tagged under: Oyak Cement
Cemtech Europe opens in Istanbul: Turkey prepares to launch domestic ETS10 October 2023, Published under Cement NewsCemtech Europe 2023 , the leading cement industry conference in Europe organised by International Cement Review , has opened in Istanbul, welcoming over 300 delegates from 40 countries. Welcoming delegates to the conference, Volkan Bozay, CEO of the Turkish Cement Manufacturers Association, TÜRKÇİMENTO, highlighted the strengths of the domestic industry, which now includes 120Mta of clinker capacity and is ranked as the fifth-largest industry worldwide. Mr Bozay acknowledged the earthq... |
Oyak releases its 2021 Integrated Report15 June 2022, Published under Cement NewsOYAK Cement has published its 2021 Integrated Report in which it announces its plans to be a "game-changer" in the cement industry by focussing on sustainability and digitalisation. The company will continue its activities in terms of improving its energy efficiency and pursue a sustainability strategy that will contribute to achieving Turkey's 2050 net zero target. Its OYAK Cement 4.0 Project, which was developed mainly in-house, includes many firsts for Turkey as well as the global ce... |
A change in direction for Taiwanese cement producers01 April 2021, Published under Cement NewsTaiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48Mt in 2019 to 10.07Mt in 2020, a rise of 6.2 per cent, according to data released by the Taiwan Cement Manufacturers' Association. Cement consumption previously exceeded 10Mt in 2015, when it peaked at 10.6Mt. It fell to 8.88Mt in 2017 before recovering to its current level, and in 2021 it is forecast to reach 10.36Mt,... |
Aumund wins order for OYAK Çimento plant07 January 2021, Published under Cement NewsOYAK Çimento AS has awarded thyssenkrupp Industrial Solutions (France) SAS the project to construct a grinding station for calcinated clay and cement in Kribi, Cameroon, and Aumund France has received contracts to supply bulk material handling equipment for the project. Aumund is supplying a package of three Aumund bucket elevators with central chain type BWZ, three belt bucket elevators type BWG and three Samson ® material feeders as the conveying solutions for each of these mills. ... |
Taiwan Cement and Oyak fined for JV notification failure22 July 2020, Published under Cement NewsChina's State Administration for Market Regulation (SAMR) has fined Taiwan Cement and Ordu Yardimlasma Kurumo (Oyak) for failure to notify the establishment of their joint venture, Dutch Oyak TCC Holdings BV, in 2018. SAMR considered the transaction to be notifiable in China, as Taiwan Cement and Oyak both had control over the joint venture and it met the turnover threshold, reports Lexology. Oyak transferred its existing Turkish cement business and assets to the joint venture in exchange f... |
OYAK to invest in Cabo Verde14 February 2020, Published under Cement NewsThe Cape Verdean government reported that Turkish cement producer, OYAK is investing in Cabo Verde for the extraction of pozzolan, volcanic rocks used in the cement industry. Pozzolan extraction in Porto Novo dates back to the colonial period, but has been stopped for over six years. Local authorities estimate that there are around 10Mt of pozzolanic deposits in the area. At the end of 2019, the Porto Novo municipality announced that there are at least two investors, of Chinese and European... |
OYAK targets British Steel bid14 August 2019, Published under Cement NewsTurkish cement producer OYAK has become the front runner in the bidding to buy British Steel. The Turkish pension fund has been talking with the UK government to takeover British Steel via Ataer Holding, a wholly owned investment vehicle of OYAK, reports the Financial Times. OYAK is already a diversified company with businesses in cement, agriculture, mining and energy and a joint venture with Renault. British Steel has been in liquidation since May 2019. OYAK could use slag as a byprodu... |
A new wave of Asian overseas expansion?02 November 2018, Published under Cement NewsThis week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t... |
Oyak Group eyeing Lafarge and Holcim assets14 November 2014, Published under Cement NewsOyak Group, Turkey’s largest cement producer, has US$2bn in cash for acquisitions and may spend some of it on assets Holcim and Lafarge are looking to shed ahead of their planned merger. The head of the Ankara-based company told Bloomberg in an emailed statement that the group is interested in Holcim and Lafarge businesses in the eastern European countries of Romania, Serbia and Hugary. “We are interested in bidding as Oyak or together with a European group” for assets, Caglar said. Oyak ... |
Oyak Cement Group nine-month net profit surges04 November 2014, Published under Cement NewsOyak Cement Group said its net profit rose by 84 per cent YoY to TRL335.6m (US$150.1m) in the first nine months of 2014. The group, which includes listed companies Adana Cimento, Mardin Cimento, Bolu Cimento, Unye Cimento and Aslan Cimento, said in a statement on Friday that its operating profit increased 37 per cent to TRL338.5m through September and revenue rose 18 per cent to TRL1.1bn. Adana Cimento contributed TRL331.6m to the group revenue in the nine months under review, registe... |