# Taiwan Cement approves $1.1B investment in Turkey's OYAK Cimento

Taiwan Cement Corp's board approved a US$1.1 billion investment in OYAK Cimento AS via a joint venture holding company, with TCC taking 40% stake.

- Type: Investment
- Announced: 2018-10-26
- Where: Turkey, Türkiye
- Value: $1.10B
- Status: announced
- Capacity: 12 million tonnes per year (cement clinker)
- Products: cement, cement clinker, ready-mix concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (investor)
- [OYAK Cimento AS](https://endata.com/companies/35150.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2018/10/27/2003703094), 2018-10-26: "Our companies share similar and aligned goals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.