Turkey's Oyak Cimento posts growth in cement sales despite challenging market

Oyak Cimento, one of Turkey's largest cement producers, increased its cement sales volume year over year in 2025, despite challenging market conditions, the company said in its annual results presentation on February 28.

The company's cement sales volume increased by 5% year over year in the fourth quarter of 2025 and by 3% year over year in 2025, it said without providing specific tonnage figures.

Company revenues reached Lira 14.2 billion ($322 million) in the fourth quarter and Lira 56.5 billion for the full year 2025, supported by volume growth despite seasonality effects and limited price increases, it said.

Maintaining its strong position in the sector with 60 ready-mix concrete plants across Turkey's seven regions, the company achieved a 9% quarter-over-quarter growth in ready-mix concrete sales volume and sustained double-digit annual growth, increasing by 25% in 2025.

The company's export volumes rose by 30% year over year in Q4 and by 23% in 2025. The share of exports in total sales was 9% in 2025, Oyak said, without citing tonnages.

In line with the company's carbon-neutral journey and its target of achieving a 70% sustainable energy ratio, investments in 115 MW of solar power and 13.5 MW of waste heat recovery continued, the company said.

Oyak's new solar power plant in the Beypazari district of Ankara was partially commissioned at the end of 2025 and is expected to become fully operational in the first quarter of 2026.

"With this investment, 70% of the energy needs of the Bolu and Unye cement plants will be supplied from renewable energy sources," Oyak said.

The company's waste heat recovery projects at the Adana, Ankara, and Mardin plants are targeted to be commissioned gradually during 2026.

Oyak Cement operates in three countries and seven regions in Turkey, with 24 million mt/year of installed cement capacity and 12.6 million mt/year of clinker capacity.

Platts, part of S&P Global Energy, assessment for ordinary Portland cement (CEM I 42.5R) (bulk) was at $52/mt CEMDEX Turkey on Feb. 27, down $1/mt week over week, while assessment for Cement clinker (OPC grey clinker) was at $45/mt, up $.0.25/mt week over week.