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OYAK’S LAST MOVE OF THE YEAR: OYAK CONCRETE MERGES WITH OYAK ÇİMENTO FABRİKALARI A.Ş. 

During 2020, which was announced as the “Year of Determination”, OYAK continued growing with acquisitions and mergers, and has just completed yet another merger.

OYAK Çimento Fabrikaları A.Ş. has been merged with OYAK Concrete within the scope of a fast and profitable growth strategy. In this merger of two companies, the aim is simplify operations and increase OYAK’s efficiency.

OYAK, which grouped five public cement companies under the name OYAK Çimento Fabrikaları A.Ş. in May, incorporated OYAK Concrete into OYAK Çimento Fabrikaları A.Ş. on the last day of the year. With the new structure created upon the “simplified merger”, OYAK Cement has improved the integration between companies, leading to simpler and more efficient operational processes, and gathered treasury and risk management under one roof, leading to more efficient financial and operational processes.


02.02.2021 23:11



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