Type Public/Private Industry Steel Manufacturing Revenue 4.382 billion USD (2015) | Traded as BİST: EREGL Headquarters Istanbul Province, Turkey Net income 414 million USD (2015) | |
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Products plates, hot and cold rolled sheet and tinplate CEO Sedat Orhan (16 Aug 2013–) Stock price EREGL (IST) TRY 5.89 -0.01 (-0.17%)10 Mar, 6:10 PM GMT+3 - Disclaimer Founded 11 May 1960, Karadeniz Ereğli, Turkey Subsidiaries İsdemir, Erdemir Madencilik San. ve Tic. A.S | ||
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Erdemir 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 43th place among the largest steel companies in the World.
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Erdemir in brief
Erdemir, which began production in 1965, has a production capacity of 5.2 [1] million tons/year of crude steel (2005 value). It is the largest iron and steel company in Turkey and was the only flat steel producer till January 2009. It produces plates, hot and cold rolled sheet and tinplate.
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.
Erdemir has Port of Erdemiralso acquired the steel plant at İskenderun, Hatay Province in southern Turkey.
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.
Railway
Erdemir owns many railway tracks in its steel plant in Ereğli. These tracks connect and head north outside the plant to the town of Armutçuk. The tracks outside the plant are no longer used and when Turkish State Railways (TCDD) abandoned the line in 2006, Erdemir bought the tracks within the plant. Erdemir uses a chunter locomotive, the Erdemir L-5 series.
List of 50 Projects
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.