 | |
 Steel works of Erdemir | |
| Company type | Anonim Şirket |
|---|---|
| Traded as | BİST: EREGL |
| Industry | Steel Manufacturing |
| Founded | 1967 |
| Headquarters | Zonguldak, Turkey |
| Products | plates, hot and cold rolled sheet and tinplate |
| Revenue |  US$6.242 billion (2023) |
| Operating income |  US$0.562 billion (2023) |
| Net income | US$0.388 billion
(Q3 - 2024) |
| Total assets | US$11.910 billion (2024) |
| Total equity | US$6.852 billion (2024) |
| Owner | OYAK |
| Number of employees | 12.487 (2023) |
| 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 and is also involved in coal in Turkey.
History
Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel (2020 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 km (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 Erdemir also 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.
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. 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. However the company says they are moving towards net zero emissions.
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.
See also
- List of steel producers
- List of companies of Turkey
- Erdemir SK, Basketball club of Erdemir
- Port of Erdemir
References
- ^ Annual Integrated Report 2023
- "Top steel-producing companies 2015" (PDF). Archived from the original (PDF) on 2017-01-22. Retrieved 2016-11-04.
- GAZETESİ, PUSULA. "Erdemir, Alacaağzı'nda kömür zenginleştirme tesisi kuracak - Zonguldak Haberler". pusulagazetesi.com.tr (in Turkish). Retrieved 2020-08-03.
- Annual Integrated Report 2020
- 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.
- "Comparison Tool - Climate TRACE". climatetrace.org. Retrieved 2023-12-05.
- "Kurumsal". Erdemir (in Turkish). Retrieved 2024-03-19.
- "The list" (in Turkish). Archived from the original on 2010-06-28. Retrieved 2010-10-05.
