Erdemir

Turkish steel producer From Wikipedia, the free encyclopedia

Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Ereğli Iron and Steel Factories) is a Turkish steel producer. Erdemir occupies the 43rd place among the largest steel companies in the world[2] and is also involved in coal in Turkey.[3]

Company typeAnonim Şirket
IndustrySteel Manufacturing
FoundedMay 1960, 11; 65 years ago (11-05-1960)
Quick facts Company type, Traded as ...
Ereğli Demir ve Çelik Fabrikaları T.A.Ş.
Company typeAnonim Şirket
BİST: EREGL
IndustrySteel Manufacturing
FoundedMay 1960, 11; 65 years ago (11-05-1960)
HeadquartersZonguldak, Turkey
ProductsPlates, hot and cold rolled sheet and tinplate
RevenueIncrease US$6.242 billion (2023)[1]
Decrease US$0.562 billion (2023)[1]
Increase US$0.388 billion (Q3 - 2024)
Total assetsIncrease US$11.910 billion (2024)
Total equityIncrease US$6.852 billion (2024)
OwnerOYAK
Number of employees
12.487 (2023)
Websitewww.erdemir.com.tr
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History

Erdemir, which began production in 1965,[4] has a production capacity of 8.5 million tons/year of crude steel (2020 value).[5] It is the largest iron and steel company in Turkey[citation needed] and was the only flat steel producer till January 2009. It produces plates, hot and cold-rolled sheet and tinplate.[citation needed]

Its main plant is located on an area of approximately 4 km2 (1.5 sq mi) at Karadeniz Eregli, Zonguldak on the shore of the Black Sea. Erdemir operates a large seaport, the Port of Erdemir, to import and export materials.[citation needed]

Erdemir has Port of Erdemir also acquired the steel plant at İskenderun, Hatay Province in southern Turkey.[citation needed]

Turkish Armed Forces Pension Fund (OYAK) acquired a 49.29% stake in Erdemir on 4 October 2005 for $2.77 billion in a televised auction, in which it outbid several major steel companies. The fund acquired 46.12% from the Turkish Privatization Board (OIB) and it was also obliged to purchase an additional 3.17% stake from a Turkish bank.

Pollution

Erdemir burns coal in Turkey. As an integrated steelworks, emissions are higher than steel produced at electric arc furnaces.[6] Climate Trace estimates the plant emitted almost 5 million tonnes of carbon dioxide in 2022, more greenhouse gas than any other steelmaker in the country except İsdemir.[7] However the company says they are moving towards net zero emissions.[8]

List of 50 Projects

The Turkish chamber of Civil engineers lists Erdemir as one of the fifty civil engineering feats in Turkey, a list of remarkable engineering projects realized after the declaration of the Turkish republic.[9]

See also

References

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