On January 16, 2024, OYAK Sentetik Karbon Ürünleri Sanayi ve Ticaret A.Ş. and EKON signed a contract for the Piping, Steel, Equipment, Electrical and Instrumentation Works as a part of the Iskenderun Carbon Black Project.

•       OYAK has taken an investment decision to establish a carbon black production facility in İskenderun in cooperation with Taiwan’s International CSRC Investment Holdings Co. Ltd., the controlling company of Continental Carbon, a subsidiary of TCC and the sixth largest carbon black producer in the world. One of OYAK’s significant initiatives, the manufacturing of carbon black, will set new standards in Turkey and provide all 220 thousand tons of the country’s annual domestic carbon black demand. By taking this action, OYAK will stop importing $300 million worth of carbon black annually. The investment to establish a carbon black production facility is unique in Turkey.

•       EKON will carry out the supply, manufacturing and erection of Piping, Structural Steel, Equipment, Electrical and Instrumentation Works within the scope of the project.