Displaying items by tag: OYAK

Turkey: Oyak Aslan Çimento has awarded KHD Humboldt Wedag a contract for engineering and delivery of equipment to upgrade its cement grinding line at its plant in Darica-Kocaeli. The installation will be Oyak's seventh KHD roller press at the facility.

The contract to install a new Comflex grinding system will increase the capacity of cement grinding unit no. 1, by more than 100% and save approximately 20% energy. KHD's scope includes the engineering and delivery of mechanical and electrical equipment, as well as advisory supervision of erection and commissioning for the new Comflex SC20-3250. This will be KHD's fourth Comflex grinding unit and 15th roller press system with a V-Separator in Turkey.

The core equipment to be designed and delivered by KHD, as specified in this contract, includes a Comflex SC20-3250 clinker grinding system with:

• Roller Press RPZ 20-170/180 with Rolcox system for control and monitoring
• Cascade separator, type VS 620 as static classifier
• High efficiency separator Sepmaster, type SKS-VC 3250 as dynamic classifier
• System fan HKF 190/280

The new Comflex system will be integrated with the existing ball mill system. However, according to KHD, a primary reason Aslan Çimento chose KHD's Comflex for this project is it's ability to produce finished product without a ball mill unit. The commissioning of the new Comflex system is planned for 2016.

Turkey: Oyak Group, Turkey's military pension fund, has US$2bn in cash for acquisitions and may spend some of it on assets being divested by Lafarge and Holcim.

Oyak is interested in Holcim and Lafarge businesses in countries including Romania, Serbia and Hungary, according to Celal Caglar, Oyak's head of the cement and automotive unit. Holcim and Lafarge need to sell units to gain regulatory approval for their planned merger to form LafargeHolcim. In Europe, regulators have set a 15 December 2014 deadline to either approve the deal or open a deeper investigation.

"We are interested in bidding as Oyak or together with a European group," said Caglar. Oyak has US$2bn in cash for acquisitions and can leverage it more than five times if needed, he added. "We are closely following the sale process."

On 10 November 2014 Oyak completed the purchase of Turkey's Denizli Çimento from Ireland's CRH and Turkey's Eren Holding AS for between US$400m and US$450m, as part of Oyak's expansion plans. Oyak has a cement production capacity in Turkey of 20.1Mt/yr, or 19% of the country's market share, through its six plants, including Denizli. It has a clinker production capacity of 10.3Mt/yr, or 15% of Turkey's total. Oyak expects Turkey's cement market to grow by 5% in 2015 after an estimated 6% in 2014, helped by projects including highways, a road tunnel under the Bosporus, stadium constructions and new metro lines.

Turkey: The Oyak Group, which has various cement interests Turkey, is looking into acquisition opportunities in the cement sector. It is focusing on Europe (specifically the UK) and Africa, according to its cement group chairman Celalettin Caglar.

Caglar said that the group was also interested in acquisition opportunities that could arise from the merger of Holcim of Switzerland and France's Lafarge.

Lafarge has said two-thirds of divestments as a result of the deal with Holcim are expected to affect Western Europe, but there are also overlapping operations in India, China, Canada and Brazil.

Turkey: Bolu Cimento Sanayii AS, a member of the OYAK Group, has ordered three vertical roller mills from Gebr Pfeiffer SE for the new production line at its cement grinding plant in Kazan near Ankara. Installation of the mill will expand the existing plant into an integrated cement plant. Delivery of the mills is scheduled for mid-2014 and will boost the total number of Pfeiffer mills installed at OYAK Group cement plants to eight.

An MPS 4500 B with a drive power of 3150kW will be used for cement raw material grinding. The mill is guaranteed to produce 320t/hr at a product fineness of 12% residue on the 0.090mm screen.

Pet-coke and lignite will be ground in an MPS 225 BK vertical roller mill with a drive power of 400kW. The throughput rate of this mill when grinding pet-coke will be 20t/hr at a fineness of 3% residue on the 0.09mm screen and 35t/hr when processing lignite.

Bolu Cimento has also ordered an MPS 4500 BC mill with a drive power of 3300kW, which will yield 130t/hr of CEM I at a specific surface of 3900cm²/g acc. to Blaine.

Turkey: Turkish cement producer Aslan Çimento said its parent company Oyak has proposed to sell its 24.24% stake in Aslan Beton to Aslan for US$4.52m.

After the acquisition, Aslan Beton will become a wholly-owned unit of Aslan Çimento while Aslan Beton, As-san Insaat, Birtas Birlik Insaat and Marmara Madencilik will be merged under the control of Aslan Çimento, Aslan Çimento said in a bourse filing. The managing board of Aslan Çimento will now assess the proposed move.

Turkey: Turkey's Competition Authority said on 11 June 2013 that it had launched a probe into the local cement producers Çimsa Çimento and Oyak Adana Çimento on allegations of price setting.

The authority said that data gathered during a preliminary inquiry was sufficient to open an investigation into whether or not the two companies had violated competition regulations by setting prices for white cement.

Tukey: Oyak Cement Group has posted a net profit of Euro73m and a sales revenues of Euro336m in the first nine months of 2011. The group said that domestic cement demand increased by 12% your-on-year in the first half of 2011 and Oyak has reiterated its expectation that domestic cement sales would increase by 8% year-on-year in 2011 as a whole.

The group's Mardin Çimento recorded an earnings before interest, tax, depreciation and amortisation margin of 38.7%, a net income margin of 31.4%, and return on capital of 21.1% over the first nine months. This performance was the strongest of the 15 cement companies listed on the Istanbul Stock Exchange.