ABOUT OYAK CEMENT GROUP
As the capacity and market leader of the Turkish Cement Industry, OYAK Cement Group, develops the cement usage fields and perpetuates its activities in 5 factories and sales in 6 geographical regions with its productivity, creativity and profit focused principles and also plays an active role in the country market and keeps on working with a vision to become a respectable and a leading group.
Our Cement companies are the leader of the Turkish Cement Industry with a market share over 14 %; its share in the capacity is almost 13 %. Besides, along with Adana, Bolu and Ünye; OYAK Concrete, that was established in 2004 at the founder partnership of OYAK is one of the biggest concrete suppliers of Turkey and the greatest customer of the cement companies.
Chronology:
1963: OYAK participates at the first capital increase of Çukurova Cement, its first investment in cement, and increases its shares to 52 %. The name of the company then changes into Adana Cement in 1986.
1969: Became a partner to Bolu Cement and took part among the founder partners of Ünye and Mardin Cement.
1974: OYTAŞ Domestic and International Trade was founded to valuate the export and import potentials of OYAK in international scale.
1992: During the privatization process, OYAK and Sabancı Groups purchased Niğde Cement at 22.5 million and Iskenderun Cement at 61.5 million dollars.
1996: Elazığ Cement was included in the OYAK Group against 27.9 million dollars.
2002: 50 % of Adana Paper Bag was purchased by Adana Cement in 1998 and the remaining 50 % was purchased by OYAK and the title of the company was changed as OYKA Paper Packing Industry and Trade Inc.
2003: OYSA Niğde and OYSA Iskenderun where OYAK and Sabancı were co-partners were united under the roof of Niğde and the title became OYSA Cement Industry and Trade Inc.
SEKA Çaycuma Paper factory that was in scope of privatization was purchased by OYKA for 15.1 million dollars. With this purchase in 2003, OYKA became the sole integrated kraft paper and bag producer in Turkey.
2004: OYAK Concrete was established with the cash of OYAK and the capital in kind provided by Adana, Bolu and Ünye Cement.
2006: Elazığ Cement was sold to the Çimentaş Group for 110 million dollars net price and 128 million dollars company value.
2007: In the direction of the decision of the Competition Authority OYSA Cement was sold to Sabancı Group and OYSA Iskenderun Grinding Facility to Adana Cement.
2009: The Marmara Region cement, ready mixed concrete and aggression facilities of the Lafarge Group were purchased for 130.3 million euros net price and 163 million euros company value. The purchase has been presented to the Competition Authority and the result is expected. |
