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]
Steel works of Erdemir | |
| Company type | Anonim Şirket |
|---|---|
| BİST: EREGL | |
| Industry | Steel Manufacturing |
| Founded | May 1960, 11 |
| Headquarters | Zonguldak, Turkey |
| Products | Plates, hot and cold rolled sheet and tinplate |
| Revenue | |
| Total assets | |
| Total equity | |
| Owner | OYAK |
Number of employees | 12.487 (2023) |
| Website | www.erdemir.com.tr |
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
- List of steel producers
- List of companies of Turkey
- Erdemir SK, Basketball club of Erdemir
- OYAK
- Port of Erdemir