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Taiwan Cement Corporation completes acquisition of Cimpor

Portugal: Taiwan Cement Corporation has purchased the remaining 60% stake of Cimpor from the Turkish group OYAK, giving it 100% ownership of the company. This acquisition, valued at €480m, also includes taking over the majority of operations in Türkiye, making Taiwan Cement Corporation the ‘third largest player’ in the global cement market, according to the company. The deal strengthens the group’s presence in Portugal, Cape Verde, Ivory Coast, Cameroon and Ghana, aligning with its global expansion and sustainability-focused investments in renewable energy and technology.

Cimpor’s chairman Suat Çalbiyik said “This operation represents a very important step in the company’s growth and makes it a world reference in cement production.”

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