Zhang Anping, chairman of Taiwan Cement Group, revealed recently that Taiwan Cement Group is carrying out the development plan of Portugal, and will join hands with the latest Turkish partner OYAK Group to enter the cement market of Portugal, North Africa and Central Asia, expand international cooperation and develop emerging markets.
Because it is not easy to talk about mergers and acquisitions in the mainland cement market, Taiwan Cement Group has expanded its international cooperation in the past two years and shifted its development to Europe and Central Asia. At the end of October
last year, the two sides established cooperation, Taiwan Cement and Turkey OYAK Group negotiated the establishment of a joint venture company JVC, Taiwan Cement invested US $1.1 billion to acquire 40% equity, OYAK acquired 60% equity at the price of production capacity, and Taiwan Cement could acquire all 12 million metric tons of OYAK production capacity in Turkey. In the future, we will jointly enter the adjacent markets of the Middle East, Eastern Europe and Africa.
Chang An-ping revealed for the first time at the National Taiwan University Employment Expo on the 9th that in addition to Turkey, the enterprise group is carrying out a new development project in Portugal. In the future, the enterprise group will go deep into Europe and Central Asia, and use this as a base to enter Africa. Therefore, Taiwan Cement Group is in great need of French, Turkish and other talents to help the group expand.
The legal person said that the news from the European cement market showed that OYAK had previously acquired Portugal's cement plant with an annual output of 5 million metric tons, and had recently passed the EU Fair Competition Law. In the future, it is expected to merge into OYAK Group's production capacity. Taiwan Cement is also expected to enjoy the benefits of the acquisition and use Portugal's cement production capacity to enter the North African market.
Zhang Anping pointed out at the Law Conference at the end of last year that after the formal cooperation between Taiwan Mud and OYAK in the future, it will not stop at the cement industry, but will be a multi-oriented cooperation, including Central Asia, West Asia, Eastern Europe, Southern Europe and North Africa around Turkey, with a population of 1.2 billion people in this large region. The GDP growth rate is 2.1% to 4.1%, and the total annual cement consumption is 500 million metric tons, which is worth developing.
OYAK currently produces about 12 million metric tons of clinker annually, and its cement business group includes Aslan, Bolu, Unye, Mardin, Adana, Denizli and other Turkish cement companies and Beton, a ready-mixed concrete company. A total of 13 sets of clinker production lines and 45 ready-mixed concrete plants are located across Turkey's major markets such as the Marmara Sea, the Black Sea, the Mediterranean Sea and the Anatolian Plateau.
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