Taiwan Cement Co., Ltd. to negotiate cooperation with local companies in the Turkish market

   After many years of investment in cement production in mainland China, Taiwan Cement has recently extended its tentacles to Turkey. Taiwan Cement is discussing a strategic joint development plan for the Turkish market with a SANKOHoldingA. S. Company in Turkey.

   On the 14th, the board of directors of Taiwan Cement Corporation agreed to negotiate this transnational cooperation case. If the two sides reach a strategic cooperation model in the future, it will be the first case of cooperation between Taiwan Cement's beachhead in Europe and other countries.

   Taiwan Cement Company said that Chairman Zhang Anping repeatedly said in the legal meeting and other occasions that Taiwan Cement is transforming into a green industry, but also more internationalized, in which the European and American markets have always been the business expansion areas that Zhang Anping is very interested in.

   Taiwan Cement pointed out that Taiwan Cement assessed that Turkey itself is a growing country with a population of up to 80 million people. The growth of domestic demand market is very large and the maturity is enough. It is a market worthy of further investment. After evaluating several cement companies, it was found that SANKO Holding Company was willing to contact Taiwan Cement more, so the two sides have been in close contact since the beginning of this year.

   Taiwan Cement Corporation said that SANKO Holding Company owns three cement plants with an annual output of 7 million metric tons, which is a medium-sized cement enterprise. There are many ways of strategic cooperation between the two sides, but everything is under negotiation, and it is not willing to disclose the details of the cooperation mode.

   SANKO Holdings operates on a large scale in Turkey, ranking among the top 500 enterprises in Turkey, with more than 14,000 employees. The group spans a number of different industries, including textiles, wind and hydropower, cement plants, engineering machinery, real estate, packaging materials, financial securities, information technology and so on.