EREĞLİ IRON AND STEEL WORKS CO.

COMPANY PROFILE

ERDEMIR, began its activities on May 15th, 1965 with a capacity of 470.000 tons/year and has made important contributions to our country’s economy ever since. Today with a total annual crude-steel production capacity of 3.0 million tons, it is the largest iron & steel factory and only integrated flat steel producer in Turkey. It is producing sheet, hot and cold rolled coils, zinc, tin and chromium plated steel.

The production in the integrated plants is made with the coke/sinter/blast furnace/BOF/ continuous casting/hot rolling mill/cold rolling mill/tin, chromium and zinc plating technology. It is providing input to many production industries such as automotive, pipes, home appliances, pressurised containers and machinery.

Special attention is given to spread a perfection philosophy within the company. Employee satisfaction and customer oriented servicing forms the fundamentals of company culture. The principle of continuous development, labour health and security and environmental sensitivity are ERDEMIR’s preceding objectives. Customer expectations and production of high value added products are given utmost importance in investments. With the Capacity Increase and Modernisation (CIM) Project realised in the period between 1990 – 1996 which is the largest industrial investment of the history of the Republic with a cost of 1.6 billion USD, it has reached the most developed technology and increased its competing power. At 1999, tin and chromium-coating line began commercial production. At 2001 the Galvanising Line started production and a Steel Service Centre was established in Gebze.  

The market share of ERDEMIR for 2000 is approximately 42%. ERDEMİR that can easily export its high quality products to international markets, 0.5 million tons of export has made to quality sensitive countries, mainly to EU members and United States in the year 2000. The production of crude steel and final products are respectively 2.38 and 3.13 million tons.  

Its paid capital is TL. 44.352 trillion. 50.30% of the shares belongs to public, 46.12% belongs to the Republic of Turkey Privatisation Administration, 3.81% belongs to Turkish Development Bank and 0.37% belongs to Turkish Halk Bank. The 2.90% of shares is in ERDEMIR’s own portfolio and 46.80% is in transaction in Istanbul Stock Exchange. Together with the beginning of activities of ISE in 1985, ERDEMIR has been one of the important institutions preferred by a large group of investors fur revaluation of their savings.

Products and Applications ERDEMİR’s flat steel products have formed the basic input of every kind of machine, automotive, welded pipe and profile, electrical goods (refrigerator, oven etc.) and ship construction industries. On the other hand, ERDEMİR has an important role in the development of the country with its products, which are used in construction sector and steel construction.

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