Company type | Anonim Şirket |
---|---|
BİST: EREGL | |
Industry | Steel Manufacturing |
Founded | 1967 |
Headquarters | Zonguldak, Turkey |
Products | plates, hot and cold rolled sheet and tinplate |
Revenue | US$4.759 billion (2023) [1] |
US$0.129 billion (2023) [1] | |
Owner | OYAK |
Website | www.erdemir.com.tr |
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. is a Turkish steel producer. The name is a contraction of the Turkish language Ereğli Demir ve Çelik Fabrikaları, which means "Ereğli Iron and Steel Factories". Erdemir occupies the 43rd place among the largest steel companies in the world [2] and is also involved in coal in Turkey. [3]
Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel (2020 value). [1] 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. The fund acquired 46.12% from the Turkish Privatization Administration (OIB) and it was also obliged to purchase an additional 3.17% stake from a Turkish bank. OYAK beat out five other bidders for Erdemir. This included Mittal Steel, Arcelor, Novolipetsk Steel (NLMK) and Severstal, which bid in consortium with the Nurol-Limak-Ozaltin-Alkol Pazarlama joint venture group. The Eregli joint venture group also participated in the auction.[ citation needed]
See history of Erdemir Group since 1954.
Erdemir burns coal in Turkey. As an integrated steelworks, emissions are higher than steel produced at electric arc furnaces. [4] 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. [5] However the company says they are moving towards net zero emissions. [6]
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 Turkish republic. [7]