# Taiwan Cement completes investment in Turkish and Portuguese cement operations

Taiwan Cement completed the acquisition of additional 20% stake in its Turkish joint venture and 60% stake in Portugal's Cimpor, investing EUR 621 million, making it a major European low-carbon cement supplier.

- Type: Acquisition
- Announced: 2024-03-07
- Where: Lisbon, Portugal
- Value: $675.0M (621.0M EUR)
- Status: completed
- Products: low-carbon cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (acquirer)
- [Cimpor](https://endata.com/companies/31878.md) (target)
- [OYAK](https://endata.com/companies/35208.md) (partner)
- [Cimpor Portugal](https://endata.com/companies/71363.md) (target)

## Sources

- [esg.businesstoday.com.tw](https://esg.businesstoday.com.tw/article/category/190807/post/202403070019), 2024-03-07: "台泥正式成為歐洲低碳水泥的主要供應商之一。"
- [globalcement.com](https://globalcement.com/news/17715-taiwan-cement-corporation-completes-acquisition-of-cimpor-portugal), 2024-03-07: "This operation represents a very important step in the company's growth and makes it a world reference in cement production."

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