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News OYAK

Displaying items by tag: OYAK

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Oyak Cement receives funding for solar and WHR facilities

17 April 2025

Türkiye: TSKB (Industrial Development Bank of Türkiye) has signed a €75m investment loan agreement with Oyak Cement to fund renewable energy and waste heat recovery (WHR) projects. The funding will support the construction of a 115MW solar power plant in Beypazarı, Ankara, and waste heat recovery facilities at the Ankara, Adana and Mardin cement plants.

Oyak Cement general manager Murat Sela said “We have accelerated our investments for the Beypazarı solar power plant, as well as the WHR facility investments with a total installed capacity of 13.5 MW at our Adana, Ankara and Mardin plants. We expect these investments to help generate 237,000MW/yr of energy, while increasing the total renewable energy utilisation rate at our plants from 9% to 30%.”

Published in Global Cement News
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Turhan Erkayiram appointed as Plant Director of OYAK Çimento’s Bolu plant

09 April 2025

Türkiye: OYAK Çimento has appointed Turhan Erkayiram as the Plant Director of the Bolu cement plant.

Erkayiram previously worked as the plant manager of the İskenderun plant. Before this he held production manager roles with the company. Earlier in his career he worked for Vicat Group Türkiye, Limak Group and Aşkale Cement. He is a graduate in chemical engineering from Atatürk University.

Published in People
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Ali Firat appointed as Director, Operations at St Marys Cement’s Bowmanville cement plant

29 January 2025

Canada: St Marys Cement has appointed Ali Firat as the Director, Operations at its Bowmanville cement plant in Ontario.

Firat previously worked as the Plant Manager at Traçim Çiment’s at Vize, Kirklareli in Türkiye. Before this he was a Production Manager for OYAK Cement. Earlier in his career he spent about 15 years working for Traçim Çiment and Ladik Cement in a variety of production roles. He is a graduate of the Middle East Technical University in Ankara and holds a master of business administration (MBA) from Bahcesehir University in Istanbul.

Published in People
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Turkish cement sector personnel reported dead in ski resort fire

22 January 2025

Türkiye: Two members of the cement sector have reportedly died in a fire at the Bolu Kartalkaya Ski Center. Aysemin Elif Dogan, Mehmet Cem Dogan and their daughter perished in the incident, according to posts by their employers on LinkedIn. 76 people have so far reported to have been killed.

Aysemin Elif Dogan was the R&D and Quality Director for Baştaş Çimento, a subsidiary of France-based Vicat.

Mehmet Cem Dogan had been the plant manager of OYAK Çimento’s Bolu plant in Caydurt since 2023. Prior to this he was the manager of a plant in Ankara. Dogan previously worked for Vicat’s subsidiary Baştaş Çimento and Cimpor in process engineering and production management roles.

Published in People
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Oyak Cement to invest in RDF at Adana plant

12 December 2024

Türkiye: Oyak Cement will invest US$4.59m to increase fuel supply capacity at its Adana plant. The producer will add 180,000t/yr of processing capacity to the existing 36,000t/yr refuse-derived fuel (RDF) production capacity, raising the total to 216,000t/yr. It will also establish a biomass facility with a capacity of 180,000t/yr. The RDF will be prepared at a disposal fuel facility for use in the cement plant.

Published in Global Cement News
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Gün Burak Günbey appointed as Senior Project Manager at Heidelberg Materials Competence Centre

04 December 2024

Germany: Heidelberg Materials has appointed Gün Burak Günbey as Senior Project Manager at its Competence Center Cement global research and development hub.

Günbey has worked for the cement sector since the late 2000s. He has held engineering, project management and investment roles at OYAK Bolu Çimento, Limak Cement and Vicat. He became the Group Investment Manager for Vicat Group Türkiye in 2021 and subsequently worked as Project Expert for VICAT Senegal Sococim from 2023.

Published in People
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OYAK Cement reports third quarter financial results

14 November 2024

Türkiye: OYAK Cement has announced net sales of US$333m and a 17% year-on-year rise in earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$111m for the third quarter of 2024. The company recorded a net profit of US$61.3m for the third quarter and US$155m for the first nine months of 2024.

Published in Global Cement News
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Ozan Keskin appointed as Vice President of Operations at Çimsa Çimento

02 October 2024

Türkiye: Çimsa Çimento has appointed Ozan Keskin as its Vice President of Operations. He will succeed Memet Metin Çalışkan in the role from the start of November 2024.

Keskin has worked in the cement industry for over 20 years. He started as a maintenance engineer at OYAK Adana Çimento in 2003. He later worked for Aslan Çimento, eventually becoming Technical Services Manager in 2015 and Investments & Project Manager in 2017. He then jointed Çimsa Çimento in 2018 as Project Manager. He subsequently became a Plant Manager and Investments and Maintenance Director. He is a graduate in mechanical engineering from the Middle East Technical University in Ankara.

Published in People
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Update on Türkiye, March 2024

13 March 2024

TürkÇimento revealed this week that cement production in Türkiye grew by 10.5% year-on-year to 81.5Mt in 2023. In a press release describing the progress of the local cement sector, the cement association reported that domestic sales rose by 19% to 65Mt but that exports fell by 28% to just under 20Mt. Fatih Yücelik, the chair of TürkÇimento, also said that his country was the second largest exporter of cement in the world in 2023 and that its most important target market was the US. He noted that the construction sector grew by 8% during 2023, that reconstruction projects were enacted following earthquakes in early 2023 but that no further growth in domestic sales of cement was anticipated in 2024.

As is standard for these kinds of occasions, Yücelik also raised the association’s sustainability ambitions, describing his sector as one “whose main goal is to provide low-carbon production.” He added that the Turkish cement industry supports the country’s net zero target of 2053. To this end the association has also released its first sustainability report, for 2022, covering 48 of the country’s 52 integrated plants. The Hürriyet Daily News newspaper offered one reason for this enthusiasm for sustainability: the US$30bn in investment required to meet that 2053 net-zero target. It also reported that Yücelik said that the industry needed to spend US$2bn towards meeting the incoming requirements of the European Union Carbon Border Adjustment Mechanism (CBAM).

Graph 1: Domestic and export cement sales in Türkiye, January – October, 2017 – 2023. Source: TürkÇimento. 

Graph 1: Domestic and export cement sales in Türkiye, January – October, 2017 – 2023. Source: TürkÇimento.

TürkÇimento’s data for 2023 currently runs up to October 2023 but it supports Yücelik’s assessment. As can be seen in Graph 1, domestic sales of cement rose sharply in the first 10 months of 2023, by 20% year-on-year to 53.1Mt, yet exports fell almost as abruptly, by 18% to 13Mt. This is noteworthy, as exports had been rising steadily each year since 2018. Italy-based Cementir provided some context here in its annual report for 2023 saying that it had decided to focus on the domestic market due to greater profitability. Heidelberg Materials’ joint-venture Akçansa echoes these comments, blaming declining exports on “historically low freight rates increasing competitiveness of southeast Asian suppliers” while emphasising that the shift to the domestic market was made to meet increasing demand.

Graph 2: Revenue of selected large Turkish cement producers, 2022 - 2023. Source: Company reports. 

Graph 2: Revenue of selected large Turkish cement producers, 2022 - 2023. Source: Company reports.

Financial information from the larger Turkish cement producers that have released their results for 2023 follows the same pattern. Three of the four companies included in Graph 2 saw sales revenue grow in 2023. The one that saw its revenue fall, Nuh Çimento, is a major exporter. In 2022 for example it supplied 18% of the country’s total cement exports. All of these companies saw operating profit or earnings increase though.

The other big Türkiye-based news story this week was that Taiwan Cement Corporation (TCC) completed the latest increase to its stakes of Cimpor Global Holdings joint-ventures in Türkiye and Portugal. TCC now owns a 60% stake of the business in Türkiye and a 100% stake in Portugal. With respect to the business in Türkiye this means that TCC now has control of the country’s largest cement producer, OYAK Çimento. Once again the CBAM received a mention, with TCC saying in its valedictory statement that it believed that, “whether it's domestic or imported cement, low-carbon cement will become the main competitive advantage for the cement companies entering the European market.”

The domestic market in Türkiye may have seen a bounce in 2023 but the attention of both TürkÇimento, TCC and others are firmly set on the wider market in the region. TürkÇimento’s Fatih Yücelik said that the country’s cement production capacity was 120Mt/yr and that the population would have to be 150m to eliminate the need for exports. Its population is currently just under 85m. Yücelik set a value of US$2bn for his sector to adjust to CBAM but he also remarked that the income from exports in 2023 was around US$1.3bn. This is not an easy investment ‘pill’ to swallow but one that the country will have to digest if it wants to keep its export levels up.

Published in Analysis
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Taiwan Cement Corporation completes acquisition of Cimpor Portugal

07 March 2024

Portugal: Taiwan Cement Corporation has purchased the remaining 60% stake of Cimpor Portugal from the Turkish group OYAK, giving it 100% ownership of the company. This acquisition, valued at €480m, also includes taking over a majority stake in Türkiye, making Taiwan Cement Corporation the ‘third largest player’ in the global cement market, according to the company. The deal strengthens the group’s presence in Portugal, Cape Verde, Ivory Coast, Cameroon and Ghana, aligning with its global expansion and sustainability-focused investments in renewable energy and technology.

Cimpor's chairman Suat Çalbiyik said "This operation represents a very important step in the company's growth and makes it a world reference in cement production."

Published in Global Cement News
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