ISTANBUL (Turkey), May 2 (SeeNews) – Turkish cement producer Oyak Cement Group said on Friday its net profit tripled in the first quarter of 2014 on a 35% year-on-year rise in revenue.The group
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OYAK Cement's human resources management mentality consists of the adoption of approaches and applications that support strategical targets and performance, while responding to the special needs of the different industries with which it conducts its activities in an appropriate and efficient manner. ... Çankaya, Ankara, Turkey. · You can ...
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The strategic divestment by OYAK is part of a broader partnership with Taiwan Cement, which began with an initial acquisition in 2018. The latest share transfer is significant as it not only consolidates Taiwan Cement's influence over Oyak Denizli Cement but also expands its footprint in Europe through the acquisition of Cimpor Portugal Holdings.
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OYAK has many success stories in the industry including its partnership in 2018 with Taiwan Cement Company, one of the biggest cement companies in the world, and the incorporation of CIMPOR, one of Europe's biggest cement brands, in 2019. With this merger OYAK has reinforced its leading position in Turkey's cement industry.
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Domestic cement sales in Turkey came in at 5.602Mt in December 2023, down 5.5 per cent MoM and 14.9 per cent YoY, according to Turkey's cement manufacturers association, Türkçimento. Cement produ...
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Firm turning focus on Europe, Africa, Britain ┬á In Turkey, the Oyak army pension fund is looking into acquisition opportunities in the cement sector, focusing on Europe, Africa and Britain, its cement group chairman Celalettin Caglar said. According to a report from Reuters, Caglar said the group was also interested in acquisition opportunities that could arise from …
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Given the focus on exports for the Turkish market Oyak Cement's international purchases via Cimpor widen its options. The deal covered assets in Portugal and Cape Verde …
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Turkey's largest occupational pension fund OYAK has gathered its five public cement companies under the single roof of "OYAK Cement" in line with the Turkish …
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HVK Stevens advises OYAK, one of the worlds largest pension funds, in a Dutch corporate partnership restructuring with Taiwan Cement Corporation (TCC), aligning with the …
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U.S.-based Texas Pacific Group [TPG.UL] has shown interest in Turkey's Oyak Bank, Sabah newspaper said on Thursday.
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ANKARA (Turkey), March 3 (SeeNews) – Turkish cement producer OYAK Cement Group said on Monday its operating profit rose 52% to 343 million lira ($154 million/112 million euro) in 2013 on a 17%
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Turkey's Oyak Group, a steel to financial services conglomerate, could look at foreign markets and the Turkish energy sector for new investments, Chief Executive Coskun Ulusoy said on Wednesday.
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Oyak 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 …
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Belgium: The European Commission has approved the acquisition of sole control over Cimpor Portugal by Turkey's Oyak. The commission ruled that there are no competition concerns between the cement producers given that they operate in different geographic markets. The deal was announced in late October 2018.
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The latest share transfer is significant as it not only consolidates Taiwan Cement's influence over Oyak Denizli Cement but also expands its footprint in Europe through the acquisition of Cimpor ...
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Turkish conglomerate Oyak Group has not yet reached a deal to sell its medium-sized lender Oyakbank, it said on Tuesday after a newspaper reported London-listed Standard Chartered
Brazil/Portugal/Cape Verde/Turkey: Brazil's InterCement has sold its operations in Portugal and Cape Verde to Turkey's OYAK Cement for an undisclosed amount. The sale includes three integrated cement plants and two mills, with a total cement production capacity of 9.1Mt/yr, 46 concrete units, two dry mortar units, 17 quarries and a cement bagging plant.
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Belgium: The European Commission has approved the acquisition of sole control over Cimpor Portugal by Turkey's Oyak. The commission ruled that there are no competition concerns between the cement producers given that they operate in different geographic markets. The deal was announced in late October 2018.
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OYAK and Taiwan Cement Corporation (TCC) have entered into a preliminary agreement to advance their partnership, aligning with the vision of sustainable growth and …
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Comments made by Celal Çağlar, head of Oyak's Automotive and Cement Companies Group, were taken to mean that the Lafarge Aslan Turkey Cement Group may be ripe for acquisition by the local fund. "An announcement about the sale of a large cement group is on the way. That's what we're waiting for.
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Taiwan Cement's partnership with OYAK in Turkey, established in 2018, has seen significant growth with a six-fold increase in net profit after tax over five years. This collaboration has been instrumental in boosting Taiwan Cement's revenue, with the joint venture accumulating 2.37 million tons of carbon credits in Europe to date.
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Firm turning focus on Europe, Africa, Britain ┬á In Turkey, the Oyak army pension fund is looking into acquisition opportunities in the cement sector, focusing on Europe, Africa and Britain, its …
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The long expected move by a Chinese cement producer outside of East Asia took a step closer this week with the news that Taiwan Cement is negotiating with OYAK Cement over a joint venture in Turkey. Taiwan Cement says it is prepared to invest up to US$1.1bn in the subsidiary that will operate OYAK Cement's business in Turkey. In its press ...
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Turkey's Oyak Cement releases H1 results Company posts 145 million lira profit. ..To read the rest of this article, please login with your CW Group Single Sign-On first.
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Oyak Group, owned by Turkey's military pension fund, made the purchase for EUR 400 million. BMweek ... Mergers & Acquisitions Turkey's Oyak Group buys Denizli Cimento. 14 December, 2020. SHARE THIS ARTICLE ... Markets & Competition Europe's cement industry slashes emissions with slag . Steel industry by-products aid in conservation and. July 17 ...
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Turkey's OYAK sells additional stake in Denizli Cement to Taiwan Cement. Download the App. More markets insights, more alerts, more ways to customise assets watchlists only on the App ... JavaScript; IFrame; Copy to clipboard. Share to: /news/turkeys-oyak-sells-additional-stake-in-denizli-cement-to-taiwan-cement-93CH-2943648.
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Turkey's military pension fund OYAK had reached a provisional agreement to take over British Steel. But the deal was in jeopardy as exclusive negotiations with Oyak approached a deadline in ...
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Turkey's largest occupational pension fund, OYAK has acquired the Portugal and Cape Verde operations of Cimpor, one of the biggest cement companies in Europe. The market leader in Portugal, Cimpor built its first factory in 1984 and has a cement production capacity of approximately 6.5 million tons.
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