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COMPANY NEWS
| • OYAK'S ENLARGED FOOTPRINT |
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On December 30, 2009 Turkey's leading cement company, Oyak (Ordu Yardımlaşma Kurumu/Armed Forces Pension Fund) Cement Group,
acquired the Lafarge Marmara Cement Group for e130.3m. The move
increased the Turkish manufacturer's production capacity by 24 per cent
and raised its share of the domestic cement market to 18.4 percent.
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| • THE NEW MEMBER OF OYAK CEMENT GROUP: ASLAN CEMENT |
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OYAK Cement Group, the capacity and market leader of Turkey, has concluded the works on purchasing Aslan Cement, Lafarge Ereğli Grinding Facility and Lafarge Concrete of the Lafarge group, that were decided to be put up for sale at the end of 2008; and the agreement for the purchase of the group was signed on April 30, 2009.
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| • HIGHER CEMENT SALES |
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Oyak, which is not publicly traded, owns four cement manufacturing plants in Turkey, Adana Cement, Bolu Cement, Unye Cement and Mardin Cement which have a total cement production capacity of 14.1 million tonnes per year.
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| • AUTOMOBILE SALES WILL FALL 20 PERCENT |
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Turkish automobile sales will fall 20 percent in 2010 without more of the stimulus measures that have helped the troubled sector cut losses this year, said Oyak Cement and Automotive Companies chairman, Celal Caglar.
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| • PETROLEUM CEMENT FROM OYAK CEMENT GROUP |
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The production works for Petroleum Cement, that has recently taken place in the agenda, are in progress in Bolu Cement and Mardin Cement factories of the OYAK Cement Group since the beginning of 2008. In 2009 Bolu Cement has produced and delivered "G" type petroleum cement according to the agreement signed with TPAO.
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