Turkey. Three cement plants jointly invested by Taiwan Cement and Turkey are located around the main earthquake-stricken areas. Due to the local radio waves and the inability to produce, it is impossible to estimate the loss of production capacity for the time being.
It is understood that after the earthquake in Turkey, the local power outage was caused, the situation in the main earthquake disaster area was very chaotic, and the joint venture plant of Taiwan Cement and Turkey was not damaged. Some employees and family members of the local cement plant were injured, and Taiwan Cement said it had launched the "employee placement plan" to place and care for local employees.
It is reported that Taiwan Cement and Turkey's largest cement group OYAK jointly established a joint venture in 2018, with Taiwan Cement holding about 40% and OYAK holding about 60%. Through the special status of OYAK and Turkey in the Mediterranean region, Taiwan Cement aims to extend to Europe, Africa and other countries. And consider adopting strategic mergers and acquisitions, strategic alliances and other ways to actively expand the cement business sector to other parts of the world.
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