Cement News tagged under: OYAK
Taiwan Cement completes share agreement for Denizli Çimento13 December 2023, Published under Cement NewsTaiwan Cement Corp has finalised its agreement with OYAK Çimento to acquire a further 20 per cent stake in Denizli Çimento ,Turkey. According to Reuters this will boost Taiwan Cement's share in the company to 60 per cent. The preliminiary Memorandum of Understanding (MoU) regarding the deal was signed in November this year. Reuters has assigned Denizli Çimento a total enterprise value of US$1.42bn. |
Taiwan Cement expands its European footprint29 November 2023, Published under Cement NewsTurkey's Army Pension Fund, OYAK , has reached a preliminary agreement to sell its stakes in two cement companies to Taiwan Cement Corp for a total of about EUR673m. OYAK is selling a 20 per cent stake in Oyak Denizli Cement of Turkey to Taiwan Cement, valuing the company at EUR1.3bn (US$1.42bn). Taiwan Cement estimates it will pay EUR193.4m for the stake, increasing its ownership to 60 per cent, a filing from the Taiwanese company confirmed. Taiwan Cement had purchased a 40 per cent s... |
CTP to supply WHR to Cimpor plants06 September 2023, Published under Cement NewsOyak group is investing in technology to mitigate the carbon footprint of its cement plants through its Cimpor subsidiary, which is equipping Souselas and Alhandra in Portugal with new waste heat recovery systems (WHRS). Cimpor has set the goal of reducing direct CO 2 emissions by 37 per cent by 2030. The measure, which is part of the Oyak and its controlled long-term environmental strategy, is part of the energy transition plan to a carbon neutral economy, which is expected to take... |
Calcined clays: making a global impact01 April 2022, Published under Cement NewsThis week FLSmidth announced that it would be supporting the largest calcined clay installation in the world in Ghana for CBI Ghana at its Accra plant. It is a good time to look at how many of these calcined clay projects are now underway and how much investment is being placed in this carbon reduction technology. CBI Ghana's project instantly excites because it is billed as currently the largest calcined clay project in the cement industry. The grinding capacity will increase by 120 per ... |
OYAK to merge five companies on Istanbul Stock Exchange19 December 2019, Published under Cement NewsTurkey'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 modernisation15 May 2019, Published under Cement NewsGermany’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... |
Cimpor01 November 2018, Published under Cement NewsThe 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 venture30 October 2018, Published under Cement NewsTaiwan 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. |
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