Erdemir

This article is about the steel producer. For other uses, see Erdemir (disambiguation).
Ereğli Demir ve Çelik Fabrikaları T.A.Ş.
Company typeAnonim Şirket
BİST: EREGL
IndustrySteel Manufacturing
Founded1967
HeadquartersZonguldak, Turkey
Productsplates, hot and cold rolled sheet and tinplate
RevenueIncrease US$5.103 billion (2023)[1]
Decrease US$0.643 billion (2023)[1]
Total assetsIncrease US$11.910 billion (2024)
Total equityIncrease US$6.852 billion (2024)
OwnerOYAK
Websitewww.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]

History

Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel (2020 value).[4] 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.

Pollution

Erdemir burns coal in Turkey. As an integrated steelworks, emissions are higher than steel produced at electric arc furnaces.[5] 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.[6] However the company says they are moving towards net zero emissions.[7]

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.[8]

See also

References

  1. ^ a b Annual Integrated Report 2023
  2. ^ "Top steel-producing companies 2015" (PDF). Archived from the original (PDF) on 2017-01-22. Retrieved 2016-11-04.
  3. ^ GAZETESİ, PUSULA. "Erdemir, Alacaağzı'nda kömür zenginleştirme tesisi kuracak - Zonguldak Haberler". pusulagazetesi.com.tr (in Turkish). Retrieved 2020-08-03.
  4. ^ Annual Integrated Report 2020
  5. ^ Methodology and detailed results: The external cost of fossil fuel use in power generation, heating and road transport in Turkey (PDF). Shura Energy Centre (Report). December 2020. p. 58.[permanent dead link]
  6. ^ "Comparison Tool - Climate TRACE". climatetrace.org. Retrieved 2023-12-05.
  7. ^ "Kurumsal". Erdemir (in Turkish). Retrieved 2024-03-19.
  8. ^ "The list" (in Turkish). Archived from the original on 2010-06-28. Retrieved 2010-10-05.