Cement firms to cut output

Bloomberg

Oyak’s carmaking venture with Renault, Oyak Renault, plans to cut output to 250,000 cars next year, the Istanbul-based newspaper reported Çağlar as saying. Oyak Renault produced 286,000 cars in 2008, down from the planned 350,000 cars, he said.

Oyak’s three other publicly traded cement units are Ünye Çimento, Bolu Çimento, Adana Çimento and Mardin Çimento.