# Taiwan Cement and OYAK Group form joint venture for cement markets

Taiwan Cement Group and Turkey's OYAK Group have formed a joint venture company JVC, with Taiwan Cement investing $1.1 billion for a 40% stake. The joint venture will acquire all 12 million metric tons of OYAK's cement production capacity in Turkey and jointly enter markets in the Middle East, Eastern Europe, and Africa.

- Type: Acquisition
- Announced: 2018-10-31
- Where: Türkiye
- Value: $1.10B
- Status: announced
- Capacity: 12 million metric tons per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (investor)
- [OYAK](https://endata.com/companies/35208.md) (partner)

## Sources

- [e.ccement.com](https://e.ccement.com/news/content/52356951685136.html), 2019-03-12: "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"

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