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.”
Recent News
- International Mineral Processing Symposium celebrates its 18th Edition this year
- Auditing And Certificatıon Of The Management System Operated By A Multi-Site Organization
- We are proud to deliver many important projects to cement production companies both domestically and internationally
- Path to High Pressure Grinding Rollers (Part 2)
- We will continue to take an active role in sustainability-oriented, innovative, and value-added projects
- Breaking The Cycle of Silo Buildup and Clogging
- Yapıchem Kimya Becomes a Member of TKYD
- Together, we advance by sharing the goals and responsibilities of the sector