Taiwan Cement

Taiwan Cement has acquired a 40% stake in Oyak Çimento from Oyak Holding for $640 million, and plans to form a joint venture in Turkey with Oyak Holding.

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.

Taiwan Cement will invest US$1.1 billion to create a joint venture with Turkey's OYAK in the Netherlands via a new subsidiary, Dutch TCC Holdings. Taiwan Cement will hold 40% and OYAK 60%.

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.

Taiwan Cement Corporation invested up to $1.1 billion in Ordu Yardimlasma Kurumu (OYAK) to form a joint venture, with Taiwan Cement holding 40% and OYAK 60%.

Taiwan Cement and Turkey's Sanko Holding have signed a memorandum of understanding and confidentiality clause regarding Taiwan Cement's plan to invest in Sanko's cement business, with further talks ongoing.

Taiwan Cement and its subsidiary TCC International Limited received Cayman Islands court approval to privatize TCC International Holdings Limited via a scheme of arrangement, with delisting from Hong Kong Stock Exchange expected on November 20, 2017.