Oyak Çimento realized total net sales of TRY 44 billion 431 million in 2024. In the same period, EBITDA increased by 4 percent and reached TRY 13 billion 519 million.
OYAK Çimento Board Member and CIMPOR Global Finance Director (CFO) Eralp Tunçsoy stated that they joined forces with TCC Group Holdings, one of the global cement holdings, last year. Stating that in 2024, they continued to grow in all regions where they operate and prioritized sustainability efforts, Tunçsoy added, they made investment expenditures of approximately EUR 400 million. Emphasizing that these investments reflected positively on the results of 2024, Tunçsoy stated that in addition to the strategic steps taken in France and the UK, the partnership with TCC Group Holdings strengthened OYAK Çimento's global position.
Direct contribution to the economy
Company's EBITDA level reached TRY 13 billion 519 million, maintaining its financial stability and reinforcing their leading position in both the cement and industrial sectors. “With our global footprint, operational competencies and sustainability-oriented business model, we will continue to shape our sector and directly contribute to the Turkish economy in the coming years,” stated Tunçsoy.
Investing in sustainability and innovative technologies
Murat Sela, General Manager of Oyak Çimento, stated that the cement industry has a production capacity of approximately 4 billion tons worldwide and that the industry makes significant contributions to the global economy with the high employment and commercial volume it provides.
Stating that they exhibited a successful financial performance in 2024, Sela added, “We continue to set an example for our sector with the steps we take and the practices we realize. As the first cement company in Türkiye to commit to net zero emissions, we will continue to invest in innovative technologies to reduce carbon emissions and increase energy efficiency in the coming period as we have done so far.”
Comments
No comment yet.