Being the biggest occupational pension fund of Turkey, OYAK acquired Portugal and Cape Verde operations by Cimpor, one of the largest cement brands in Europe. Portugal market leader Cimpor, the first factory of which was established in 1984, has a capacity of approximately 6.5 million tons of cement production. Cimpor has 3 integrated cement plants, 2 grinding facilities, a bagging plant and a marine terminal in Cape Verde, 42 ready-mixed concrete plants, 15 aggregate plants, 1 lime, 1 paper bag production, 2 mortar and 1 traverse factory. OYAK General Manager Suleyman Savas Erdem said the following regarding the new investment: “Turkey needs a worldwide player in every sector. In this respect, we have achieved the greatest success of the Turkish cement sector in recent years and we bought Cimpor, one of the most respected brands in the sector in Europe. As OYAK, we trust our country and our strong future. The trust of our foreign partners is one of the most important indicators of this trust. In line with our growth strategy, we will continue to invest in our country and in the world, with members in Turkey in order to ensure the sustainable renovation and will continue to take the steps we see as an opportunity in the world.”
